MTS Systems (MTSC) Rating Increased to Buy at Zacks Investment Research

MTS Systems (NASDAQ:MTSC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $54.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 16.88% from the stock’s current price.

According to Zacks, “MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company’s testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications. “

Several other equities research analysts have also weighed in on the company. B. Riley set a $70.00 price target on MTS Systems and gave the company a “buy” rating in a research report on Monday, November 27th. BidaskClub lowered MTS Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. MTS Systems presently has an average rating of “Hold” and an average target price of $61.67.

Shares of MTS Systems (NASDAQ MTSC) opened at $46.20 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.71. MTS Systems has a 1 year low of $44.65 and a 1 year high of $57.70. The firm has a market capitalization of $822.67, a P/E ratio of 15.71, a P/E/G ratio of 2.13 and a beta of 1.12.

MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The firm had revenue of $194.20 million for the quarter, compared to the consensus estimate of $196.23 million. The business’s revenue was down 2.6% compared to the same quarter last year. research analysts predict that MTS Systems will post 2.29 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans boosted its holdings in MTS Systems by 7.6% in the second quarter. Thrivent Financial For Lutherans now owns 10,160 shares of the scientific and technical instruments company’s stock worth $526,000 after acquiring an additional 720 shares in the last quarter. Voya Investment Management LLC boosted its holdings in MTS Systems by 10.1% in the second quarter. Voya Investment Management LLC now owns 7,939 shares of the scientific and technical instruments company’s stock worth $411,000 after acquiring an additional 727 shares in the last quarter. First Trust Advisors LP boosted its holdings in MTS Systems by 8.8% in the fourth quarter. First Trust Advisors LP now owns 15,000 shares of the scientific and technical instruments company’s stock worth $806,000 after acquiring an additional 1,212 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in MTS Systems by 6.7% in the third quarter. Guyasuta Investment Advisors Inc. now owns 22,135 shares of the scientific and technical instruments company’s stock worth $1,183,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in MTS Systems by 5.5% in the fourth quarter. Swiss National Bank now owns 28,900 shares of the scientific and technical instruments company’s stock worth $1,552,000 after acquiring an additional 1,500 shares in the last quarter. 97.85% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This story was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://sportsperspectives.com/2018/02/09/mts-systems-mtsc-rating-increased-to-buy-at-zacks-investment-research.html.

About MTS Systems

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

Get a free copy of the Zacks research report on MTS Systems (MTSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MTS Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply