Texas (September 11, 2013) Wax Ink has issued a Positive Investment Interest opinion for CTS Corporation (NYSE: CTS) based on a recent baseline equity review which placed fair value between $28-$32.
The recent close of $14.79 is approximately 11% below the fair value buy target for the stock and approximately 57% below the fair value close target for the stock. The recent close is also 18% below analysts' twelve-month $18.00 median price target for the stock.
The recent close represents an 44% increase in the one year price of the stock, while year-over-year sales decreased 2%, year-over-year earnings increased 4%, and year-over-year debt increased 116%.
The stock currently has a trailing twelve-month PE Ratio of 12, and a PEG Ratio of 1.4 basis estimated forward earnings growth of 9%.
In the past 52 weeks, share prices have moved between a high of $14.97 and a low of $7.66, placing equilibrium at $12.87.
With the recent close, the stock is trading 1% below the 52 week high, 48% above the 52 week low, and 13% above equilibrium.
The three-month average daily trading volume for the stock is approximately 109,000 shares.
CTS Corporation engages in the design, manufacture, assembly, and sale of electronic components and sensors, as well as the provision of electronics manufacturing services.
The company's listed competitors include Custom Sensors and Technologies, Murata Manufacturing,and Sanmina Corporation.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.
Copyright © 2013 Wax Ink
Wax Ink is a baseline equity research company not licensed or registered with any government agency
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.