MTS Systems Corp. Reaches New 12-Month High at $78.90 (MTSC)
MTS Systems Corp. (NASDAQ:MTSC)’s share price reached a new 52-week high on Tuesday , Analyst Ratings Network reports. The stock traded as high as $78.90 and last traded at $72.00, with a volume of 93,879 shares. The stock had previously closed at $72.64.
A number of analysts have recently weighed in on MTSC shares. Analysts at Zacks upgraded shares of MTS Systems Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, January 20th. They now have a $74.00 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of MTS Systems Corp. to an “equal weight” rating in a research note on Friday, January 17th. Finally, analysts at Credit Suisse downgraded shares of MTS Systems Corp. from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 9th. They now have a $20.00 price target on the stock, down previously from $25.00. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.00.
The stock has a 50-day moving average of $71.13 and a 200-day moving average of $65.81. The company has a market cap of $1.111 billion and a price-to-earnings ratio of 21.59.
MTS Systems Corp. (NASDAQ:MTSC) last announced its earnings results on Friday, January 31st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $138.40 million for the quarter, compared to the consensus estimate of $142.67 million. Analysts expect that MTS Systems Corp. will post $3.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, March 13th.
In other MTS Systems Corp. news, SVP Steven Mahon sold 5,600 shares of MTS Systems Corp. stock on the open market in a transaction dated Thursday, February 6th. The stock was sold at an average price of $71.47, for a total value of $400,232.00. Following the completion of the sale, the senior vice president now directly owns 2,309 shares of the company’s stock, valued at approximately $165,024. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
MTS Systems Corporation (NASDAQ:MTSC) is a global supplier of test systems and position sensors.
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