MTS Systems (MTSC) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a buy rating in a research report report published on Wednesday morning, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut MTS Systems from a buy rating to a hold rating in a research note on Wednesday, April 3rd. TheStreet upgraded MTS Systems from a c+ rating to a b- rating in a research note on Wednesday, February 20th. Finally, Zacks Investment Research upgraded MTS Systems from a sell rating to a strong-buy rating and set a $59.00 target price on the stock in a research note on Thursday, February 7th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $64.50.

NASDAQ MTSC opened at $57.68 on Wednesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.15 and a beta of 1.43. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.90. MTS Systems has a 52 week low of $38.42 and a 52 week high of $59.10.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.11. The firm had revenue of $233.05 million for the quarter, compared to analysts’ expectations of $209.59 million. MTS Systems had a return on equity of 10.00% and a net margin of 5.36%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, equities analysts expect that MTS Systems will post 2.65 EPS for the current year.

Several large investors have recently bought and sold shares of MTSC. Norges Bank acquired a new position in shares of MTS Systems during the 4th quarter worth approximately $11,703,000. Wells Fargo & Company MN increased its position in shares of MTS Systems by 71.2% during the 1st quarter. Wells Fargo & Company MN now owns 362,019 shares of the scientific and technical instruments company’s stock worth $19,716,000 after purchasing an additional 150,527 shares during the last quarter. Walthausen & Co. LLC acquired a new position in shares of MTS Systems during the 1st quarter worth approximately $6,279,000. Millennium Management LLC increased its position in shares of MTS Systems by 294.1% during the 4th quarter. Millennium Management LLC now owns 115,071 shares of the scientific and technical instruments company’s stock worth $4,618,000 after purchasing an additional 85,872 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of MTS Systems by 3.3% during the 4th quarter. BlackRock Inc. now owns 2,605,244 shares of the scientific and technical instruments company’s stock worth $104,548,000 after purchasing an additional 84,220 shares during the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems, vehicle performance test systems, vehicle dynamics simulators, electrical motors and energy recovery systems, tire performance and rolling resistance measurement systems, and moving ground-plane systems and balances.

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