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MTS Systems Corp. (NASDAQ:MTSC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has a $74.00 target price on the stock. Zacks‘ target price would indicate a potential upside of 1.34% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley downgraded shares of MTS Systems Corp. to an “equal weight” rating in a research note to investors on Friday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.00.

MTS Systems Corp. (NASDAQ:MTSC) traded down 0.30% on Monday, hitting $73.02. The stock had a trading volume of 38,210 shares. MTS Systems Corp. has a 52 week low of $52.80 and a 52 week high of $73.73. The stock has a 50-day moving average of $68.80 and a 200-day moving average of $64.5. The company has a market cap of $1.121 billion and a price-to-earnings ratio of 20.12.

MTS Systems Corp. (NASDAQ:MTSC) last posted its quarterly earnings results on Thursday, November 14th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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.

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