CTS Corp (NYSE: CTS) has reported E.P.S. of $0.48 for its second fiscal quarter (ending June 30) versus $0.41 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.78 versus $1.83 for the same period a year ago.
Recent Price Action
CTS Corp (NYSE: CTS) stock suffered a large decline of -7.4% on 7/30/24. The stock closed at $47.89. Moreover, this decline was accompanied by unusually high trading volume at 165% of normal. The stock has declined -11.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CTS has a poor Appreciation Score of 29 but a good Power Rating of 80, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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