Stock of the Day: What’s CTS Corporation Upside After Reaching 52-Week High?

Stock of the Day: What's CTS Corporation Upside After Reaching 52 Week High?

The stock of CTS Corporation (NYSE:CTS) hit a new 52-week high and has $32.93 target or 49.00% above today’s $22.10 share price. The 6 months bullish chart indicates low risk for the $729.05M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $32.93 price target is reached, the company will be worth $357.23 million 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 64,685 shares traded hands. CTS Corporation (NYSE:CTS) has risen 31.93% since April 15, 2016 and is uptrending. It has outperformed by 27.31% 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 on Wednesday, July 29 to “Hold”.

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 worsened, 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.
The Massachusetts-based Rhumbline Advisers has invested 0% in CTS Corporation (NYSE:CTS). Blackrock Institutional Trust Communications Na accumulated 835,559 shares or 0% of the stock. Ameriprise owns 159,505 shares or 0% of their US portfolio. Panagora Asset Management Inc has 0% invested in the company for 10,793 shares. Employees Retirement Association Of Colorado holds 0.04% or 239,298 shares in its portfolio. Texas Permanent School Fund reported 25,048 shares or 0.01% of all its holdings. The New York-based Tower Research Capital Limited Co (Trc) has invested 0% in CTS Corporation (NYSE:CTS). Jpmorgan Chase Com has 26,858 shares for 0% of their US portfolio. Profund Advsrs Lc owns 10,860 shares or 0.01% of their US portfolio. Dimensional Fund Advsrs L P accumulated 2.91M shares or 0.03% of the stock. Shell Asset Management accumulated 0% or 5,560 shares. Pacific Ridge Capital Prtnrs Ltd Llc reported 28,710 shares or 0.23% of all its holdings. D E Shaw And has invested 0% of its portfolio in CTS Corporation (NYSE:CTS). Blackrock Limited holds 0% of its portfolio in CTS Corporation (NYSE:CTS) for 15,888 shares. Principal Fincl Grp has invested 0.01% of its portfolio in CTS Corporation (NYSE:CTS).

Insider Transactions: Since August 2, 2016, the stock had 0 buys, and 1 sale for $43,313 net activity. Agrawal Ashish sold 2,250 shares worth $43,313.

Another recent and important CTS Corporation (NYSE:CTS) news was published by Equitiesfocus.com which published an article titled: “CTS Corporation (NYSE:CTS) Quarterly EPS From Continuing Operations Stands At …” on November 17, 2016.

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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