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MTS Systems Corp. (NASDAQ:MTSC) was downgraded by analysts at Morgan Stanley to an “equal weight” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports.

Several other analysts have also 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 analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.67.

MTS Systems Corp. (NASDAQ:MTSC) opened at 73.24 on Friday. MTS Systems Corp. has a 1-year low of $52.80 and a 1-year high of $73.73. The stock’s 50-day moving average is $68.67 and its 200-day moving average is $64.40. The company has a market cap of $1.125 billion and a P/E ratio of 20.04.

MTS Systems Corp. (NASDAQ:MTSC) last announced its 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 prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue 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.

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