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A statement released today by Zacks Investment Research about MTS Systems Corporation (NASDAQ:MTSC) raises the target price to $51.00

Yesterday MTS Systems Corporation (NASDAQ:MTSC) traded 0.89% higher at $45.02. The company’s 50-day moving average is $46.35 and its 200-day moving average is $48.37. The last stock close price is down -6.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 144,310 shares of the stock were exchanged, down from an average trading volume of 146,415

In a report released on 10/18/2016 Zacks Investment Research upped the price target of MTS Systems Corporation (NASDAQ:MTSC) to $51.00 indicating a possible upside of 0.13%.

See Chart Below

MTS Systems Corporation (NASDAQ:MTSC)

MTS Systems Corporation has a price-earnings ratio of 22.06 with a one year low of $41.53 and a one year high of $68.28 MTSC’s total market value is presently $0.

A total of 3 firms have reported on the stock. 0 brokerages rating the stock a strong buy, 1 brokerage rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $59.33.

Brief Synopsis About MTS Systems Corporation (NASDAQ:MTSC)

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. Test also sells a range of accessories and spare parts, as well as services, including installation, calibration, maintenance, training and consulting. MTS' sensors segment provides controls for a range of industrial and vehicular applications. The segment's customer industries include manufacturers of plastic injection molding machines, steel mills, fluid power, oil and gas, medical, wood product processing equipment, mobile equipment, and energy.

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