MTS Systems (NASDAQ:MTSC) Rating Increased to Sell at BidaskClub

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MTS Systems (NASDAQ:MTSC) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

Separately, ValuEngine lowered MTS Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. MTS Systems presently has a consensus rating of “Hold” and an average target price of $58.00.

NASDAQ:MTSC opened at $54.86 on Friday. MTS Systems has a 12 month low of $38.42 and a 12 month high of $63.31. The stock has a 50 day moving average of $55.21 and a two-hundred day moving average of $56.20. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.00 billion, a P/E ratio of 16.73 and a beta of 1.31.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 5th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. MTS Systems had a return on equity of 10.77% and a net margin of 5.66%. The company had revenue of $232.20 million during the quarter, compared to analyst estimates of $211.96 million. During the same period in the previous year, the business earned $0.49 EPS. MTS Systems’s quarterly revenue was up 19.3% on a year-over-year basis. On average, research analysts forecast that MTS Systems will post 2.4 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of MTS Systems by 9.5% in the second quarter. BlackRock Inc. now owns 2,923,742 shares of the scientific and technical instruments company’s stock valued at $171,128,000 after purchasing an additional 254,612 shares in the last quarter. Vanguard Group Inc. grew its position in shares of MTS Systems by 1.2% in the second quarter. Vanguard Group Inc. now owns 1,892,452 shares of the scientific and technical instruments company’s stock valued at $110,765,000 after purchasing an additional 22,409 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of MTS Systems by 0.6% in the first quarter. Clearbridge Investments LLC now owns 463,414 shares of the scientific and technical instruments company’s stock valued at $25,238,000 after purchasing an additional 2,881 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of MTS Systems by 6.3% in the second quarter. Wells Fargo & Company MN now owns 384,709 shares of the scientific and technical instruments company’s stock valued at $22,517,000 after purchasing an additional 22,690 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of MTS Systems by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 316,827 shares of the scientific and technical instruments company’s stock valued at $18,543,000 after purchasing an additional 2,696 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.

About MTS Systems

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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