The stock of CTS Corporation (NYSE:CTS) hit a new 52-week high and has $30.39 target or 42.00% above today’s $21.40 share price. The 9 months bullish chart indicates low risk for the $745.81M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $30.39 price target is reached, the company will be worth $313.24M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 112,131 shares traded hands or 61.38% up from the average. CTS Corporation (NYSE:CTS) has risen 27.96% since April 11, 2016 and is uptrending. It has outperformed by 21.81% the S&P500.
CTS Corporation (NYSE:CTS) Ratings Coverage
Out of 2 analysts covering CTS Corp (NYSE:CTS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CTS Corp has been the topic of 2 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by Gabelli to “Hold” on Wednesday, July 29.
According to Zacks Investment Research, “CTS Corporation designs, manufactures, and sells a broad line of electronic components and electronic assemblies, primarily serving the electronic needs of original equipment manufacturers. The company’s product lines serve major markets around the world, which principally include communications equipment, automotive and computer equipment. Manufacturing operations, sales representatives and distributors are located throughout the United States and in many countries worldwide providing CTS the ability to work closely with customers.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.04, from 1.02 in 2016Q1. The ratio turned negative, as 6 funds sold all CTS Corporation shares owned while 37 reduced positions. 9 funds bought stakes while 33 increased positions. They now own 29.83 million shares or 0.18% less from 29.88 million shares in 2016Q1.
First Trust Advsr Lp, a Illinois-based fund reported 16,908 shares. Moreover, Zacks Inv Management has 0.02% invested in CTS Corporation (NYSE:CTS) for 43,800 shares. Moreover, Louisiana State Employees Retirement has 0.01% invested in CTS Corporation (NYSE:CTS) for 14,500 shares. Invesco Limited accumulated 0% or 151,730 shares. Utd Automobile Association accumulated 294,880 shares or 0.02% of the stock. Art Advisors Ltd Liability Com accumulated 0.02% or 18,461 shares. Credit Suisse Ag holds 0% of its portfolio in CTS Corporation (NYSE:CTS) for 30,148 shares. Sector Pension Invest Board holds 0% of its portfolio in CTS Corporation (NYSE:CTS) for 22,587 shares. The Michigan-based Comerica Savings Bank has invested 0.01% in CTS Corporation (NYSE:CTS). Gemmer Asset Ltd Liability holds 0% or 96 shares in its portfolio. D E Shaw & last reported 0% of its portfolio in the stock. Wedge Mgmt L Limited Partnership Nc reported 59,350 shares or 0.01% of all its holdings. Deutsche National Bank Ag last reported 379,777 shares in the company. Finemark National Bank And Trust holds 0% of its portfolio in CTS Corporation (NYSE:CTS) for 594 shares. American Intll Group last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 1 insider sale for $43,313 net activity. Agrawal Ashish had sold 2,250 shares worth $43,313.
More news for CTS Corporation (NYSE:CTS) were recently published by: Equitiesfocus.com, which released: “CTS Corporation (NYSE:CTS) Reports Basic Consolidated EPS At $0.211” on November 10, 2016. Seekingalpha.com‘s article titled: “CTS Corporation: A 15.2 P/E Ratio Is Too Low.” and published on October 05, 2015 is yet another important article.
CTS Company Profile
CTS Corporation, incorporated on February 8, 1929, is a maker of sensors, electronic components and actuators. The Firm designs, makes and sells a range of sensors, electronic components and actuators to original equipment manufacturers (OEMs) for the transportation, communications, defense and aerospace, medical, industrial, and information technology markets. The Company’s products consist of automotive sensors and actuators used in passenger or commercial vehicles; electronic components used in communications infrastructure, information technology and other applications, switches, and potentiometers supplied to various markets, and fabricated piezoelectric materials and substrates used in medical, industrial, defense and aerospace, and information technology markets. The Firm operates manufacturing facilities located throughout North America, Asia and Europe and serves other markets across the world.
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