MTS Systems Corp. Hits New 52-Week High at $72.80 (MTSC)
Shares of MTS Systems Corp. (NASDAQ:MTSC) hit a new 52-week high during trading on Tuesday, AmericanBankingNews.com reports. The stock traded as high as $72.80 and last traded at $72.35, with a volume of 59,354 shares trading hands. The stock had previously closed at $71.79.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of MTS Systems Corp. from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, January 9th. They now have a $20.00 price target on the stock, down previously from $25.00. Separately, analysts at Sidoti downgraded shares of MTS Systems Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Zacks downgraded shares of MTS Systems Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, November 19th. They now have a $61.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. MTS Systems Corp. presently has an average rating of “Hold” and an average price target of $33.00.
MTS Systems Corp. has a 52 week low of $52.80 and a 52 week high of $72.62. The stock has a 50-day moving average of $68. and a 200-day moving average of $64.16. The company has a market cap of $1.112 billion and a P/E ratio of 19.72.
MTS Systems Corp. (NASDAQ:MTSC) last posted its quarterly earnings results on Thursday, November 14th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.11 by $0.13. The company had revenue of $154.80 million for the quarter, compared to the consensus estimate of $147.60 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that MTS Systems Corp. will post $3.65 earnings per share for the current fiscal year.
MTS Systems Corporation (NASDAQ:MTSC) is a global supplier of test systems and position sensors.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.