MTS Systems (NASDAQ:MTSC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.
Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of MTS Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research downgraded shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Finally, B. Riley set a $70.00 price target on shares of MTS Systems and gave the stock a “buy” rating in a research report on Sunday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.00.
Shares of NASDAQ:MTSC opened at $54.40 on Thursday. The stock has a market capitalization of $977.84 million, a P/E ratio of 24.50, a PEG ratio of 2.67 and a beta of 0.93. MTS Systems has a fifty-two week low of $42.00 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.67.
MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, August 6th. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.15). The firm had revenue of $194.67 million during the quarter, compared to the consensus estimate of $204.63 million. MTS Systems had a net margin of 7.18% and a return on equity of 7.56%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. research analysts expect that MTS Systems will post 2.05 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in MTSC. Segall Bryant & Hamill LLC bought a new stake in shares of MTS Systems during the 2nd quarter worth about $16,274,000. BlackRock Inc. raised its position in shares of MTS Systems by 8.3% during the 2nd quarter. BlackRock Inc. now owns 2,426,929 shares of the scientific and technical instruments company’s stock worth $127,777,000 after buying an additional 185,546 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MTS Systems by 16.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 829,762 shares of the scientific and technical instruments company’s stock worth $43,687,000 after purchasing an additional 115,271 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of MTS Systems by 31.7% in the 1st quarter. JPMorgan Chase & Co. now owns 334,356 shares of the scientific and technical instruments company’s stock worth $17,269,000 after purchasing an additional 80,518 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of MTS Systems by 119.7% in the 1st quarter. Point72 Asset Management L.P. now owns 127,997 shares of the scientific and technical instruments company’s stock worth $6,611,000 after purchasing an additional 69,736 shares during the last quarter. 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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