B. Riley Reiterates $70.00 Price Target for MTS Systems (MTSC)
B. Riley set a $70.00 price target on MTS Systems (NASDAQ:MTSC) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the scientific and technical instruments company’s stock. B. Riley also issued estimates for MTS Systems’ Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $2.35 EPS and FY2019 earnings at $3.11 EPS.
Other equities analysts also recently issued reports about the company. FBR & Co reiterated a buy rating on shares of MTS Systems in a research report on Tuesday, October 10th. Zacks Investment Research upgraded MTS Systems from a sell rating to a hold rating in a research report on Wednesday, January 31st. Finally, BidaskClub downgraded MTS Systems from a hold rating to a sell rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $61.67.
MTS Systems (MTSC) opened at $46.95 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. MTS Systems has a 52 week low of $44.65 and a 52 week high of $57.50. The company has a market capitalization of $849.88, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.
Several hedge funds and other institutional investors have recently modified their holdings of MTSC. Crossmark Global Holdings Inc. acquired a new position in shares of MTS Systems during the third quarter worth approximately $201,000. Wedbush Securities Inc. acquired a new position in shares of MTS Systems during the third quarter worth approximately $214,000. Virtu KCG Holdings LLC bought a new stake in MTS Systems during the second quarter worth approximately $220,000. Virginia Retirement Systems ET AL bought a new stake in MTS Systems during the third quarter worth approximately $267,000. Finally, Teacher Retirement System of Texas bought a new stake in MTS Systems during the fourth quarter worth approximately $312,000. Institutional investors and hedge funds own 97.85% of the company’s stock.
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MTS Systems Company Profile
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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