Recent exceptional negative changes in fundamentals have affected CTS Corp (NYSE: CTS): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CTS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
CTS has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CTS has a neutral Power Rating of 41 and a slightly negative Appreciation Score of 34, triggering the Negative Value Trend Rating.
Recent Price Action
On 11/6/23, CTS Corp (NYSE: CTS) stock declined slightly by -0.1%, closing at $40.68. The stock has performed in line with the market over the last nine months and has risen 10.9% during the last week.
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