MTS Systems (NASDAQ:MTSC) Wins “Buy” Rating for “Neutral” from Sidoti

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Sidoti Analyst Rating Change MTS Systems NASDAQ:MTSC

MTS Systems (NASDAQ:MTSC) Rating Upgrade

In an analyst note published today, Sidoti boosted shares of MTS Systems (NASDAQ:MTSC) to “Buy” rating from “Neutral” rating.

The stock rating upgrade is well received by stock traders, as NASDAQ:MTSC is at the moment trading 0.19% higher at $42.57 as of 06:02 New York time. MTS Systems’s stock is down -33.27% in the past 200 days. It has underperformed the S&P500, which has gained 4.02% in the same time period.

Out of 3 brokers covering MTS Systems, 1 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $68 and the lowest is $55 according to Thomson/First Call. The 12-month mean target is $59.33, which means upside potential of 39.37% over the current price.

NASDAQ:MTSC Price Chart & Trend

The stock price of MTS Systems lost 33.27% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, MTS Systems is down 9.39% and down 9.37%, respectively. Our stocks momentum model is shown on the price chart below. MTS Systems (NASDAQ:MTSC) Wins "Buy" Rating for "Neutral" from Sidoti

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Messner & Smith Theme Value Investment Management Ltd Ca had the biggest stake with ownership of 32,612 shares as of q2 2015 for 3.09% of the equity exposure. Mairs & Power Inc is another notably bullish fund who is possessing 1.55M shares of MTS Systems or 1.52% of their equity exposure. Moreover, Dean Capital Management have 1.34% of their equity exposure invested in the company for 13,229 shares. The California-based fund Fuller & Thaler Asset Management Inc. disclosed it had acquired a stake worth about 1.34% of the fund’s stock portfolio in MTS Systems. The Minnesota-based fund Speece Thorson Capital Group Inc is also positive about the stock, possessing 686,640 shares or 1.32% of their equity exposure.Over the last 6 months, MTS Systems NASDAQ:MTSC has seen 1 unique insider buy, and 0 insider selling transactions. The net result was for 1 transaction, worth $94,880.

MTS Systems (NASDAQ:MTSC) Profile

MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.

MTS Systems (NASDAQ:MTSC) traded up 0.19% on 13 October, hitting $42.57. A total of shares of the company’s stock traded hands. This is down from average of 106,877 shares. MTS Systems has a 52 week low of $41.68 and a 52 week high of $68.28. The company has a market cap of $687.37 million and a P/E ratio of 20.74.

Get the latest MTS Systems (NASDAQ:MTSC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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