Stock Rating Upgrade
In recent days the Value Trend Rating for CTS Corp (NYSE: CTS) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
CTS Corp (NYSE: CTS) stock enjoyed a large increase of 2.1% on 5/20/24. The stock closed at $53.65. Moreover, trading volume in this advance was unusually high at 197% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
CTS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
CTS has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CTS has a poor Appreciation Score of 28 but a neutral Power Rating of 60, producing the Low Neutral Value Trend Rating.
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