MTS Systems (MTSC) Rating Increased to Buy at BidaskClub

MTS Systems (NASDAQ:MTSC) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

MTSC has been the subject of a number of other research reports. ValuEngine upgraded MTS Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research upgraded MTS Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, B. Riley set a $70.00 target price on MTS Systems and gave the stock a “buy” rating in a report on Sunday, August 5th.

MTS Systems stock opened at $50.81 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.72. The firm has a market cap of $977.84 million, a price-to-earnings ratio of 22.89, a P/E/G ratio of 2.67 and a beta of 0.90. MTS Systems has a twelve month low of $42.00 and a twelve month high of $57.50.

MTS Systems (NASDAQ:MTSC) last posted its earnings results on Monday, August 6th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.15). The company had revenue of $194.67 million for the quarter, compared to analysts’ expectations of $204.63 million. MTS Systems had a return on equity of 7.56% and a net margin of 7.18%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Analysts anticipate that MTS Systems will post 2.05 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of MTS Systems by 5.1% during the 2nd quarter. Northern Trust Corp now owns 303,378 shares of the scientific and technical instruments company’s stock valued at $15,972,000 after purchasing an additional 14,623 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of MTS Systems by 31.9% during the 2nd quarter. California Public Employees Retirement System now owns 50,115 shares of the scientific and technical instruments company’s stock valued at $2,639,000 after purchasing an additional 12,118 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of MTS Systems by 262.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,793 shares of the scientific and technical instruments company’s stock valued at $410,000 after purchasing an additional 5,645 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MTS Systems during the 2nd quarter valued at $232,000. Finally, Raymond James & Associates purchased a new stake in shares of MTS Systems during the 2nd quarter valued at $437,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.

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 for durability testing; 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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