MTS Systems (MTSC) Given a $57.00 Price Target by Wells Fargo & Co Analysts

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Wells Fargo & Co set a $57.00 price target on MTS Systems (NASDAQ:MTSC) in a research note published on Monday morning, The Fly reports. The firm currently has a market perform rating on the scientific and technical instruments company’s stock.

MTSC has been the topic of several other research reports. ValuEngine upgraded shares of MTS Systems from a hold rating to a buy rating in a report on Saturday, February 2nd. Zacks Investment Research upgraded shares of MTS Systems from a sell rating to a strong-buy rating and set a $59.00 price objective on the stock in a report on Thursday, February 7th. BidaskClub downgraded shares of MTS Systems from a buy rating to a hold rating in a report on Saturday, March 9th. Finally, TheStreet upgraded shares of MTS Systems from a c+ rating to a b- rating in a report on Wednesday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $62.00.

NASDAQ:MTSC opened at $55.96 on Monday. MTS Systems has a 52-week low of $38.42 and a 52-week high of $59.10. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.00 billion, a PE ratio of 17.06, a P/E/G ratio of 2.14 and a beta of 1.43.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, May 6th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.11. MTS Systems had a net margin of 5.36% and a return on equity of 10.00%. The company had revenue of $233.05 million for the quarter, compared to the consensus estimate of $209.59 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that MTS Systems will post 2.65 earnings per share for the current year.

In other MTS Systems news, CEO Jeffrey A. Graves bought 1,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of $56.31 per share, for a total transaction of $56,310.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of MTSC. Bremer Bank National Association acquired a new stake in shares of MTS Systems during the 1st quarter valued at about $27,000. Parallel Advisors LLC acquired a new stake in shares of MTS Systems during the 1st quarter valued at about $42,000. Quantamental Technologies LLC acquired a new stake in shares of MTS Systems during the 4th quarter valued at about $104,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of MTS Systems by 8.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,476 shares of the scientific and technical instruments company’s stock valued at $135,000 after acquiring an additional 197 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of MTS Systems by 17.4% during the 1st quarter. Advisor Group Inc. now owns 3,333 shares of the scientific and technical instruments company’s stock valued at $182,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 99.64% 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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