Brokerages Set Mettler-Toledo International, Inc. (MTD) Target Price at $606.67
Mettler-Toledo International, Inc. (NYSE:MTD) has earned an average recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $606.67.
A number of research firms have recently commented on MTD. BidaskClub raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $690.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $535.00 price objective (down from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th.
In other Mettler-Toledo International news, insider Waldemar Rauch sold 2,203 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $594.27, for a total value of $1,309,176.81. Following the completion of the transaction, the insider now directly owns 7,771 shares in the company, valued at $4,618,072.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Donnelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total value of $6,300,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,841 shares of company stock valued at $26,820,091. 5.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Mettler-Toledo International by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock worth $1,542,792,000 after acquiring an additional 74,156 shares during the period. BlackRock Inc. boosted its stake in shares of Mettler-Toledo International by 6.4% during the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after acquiring an additional 112,029 shares during the period. Koch Industries Inc. boosted its stake in shares of Mettler-Toledo International by 96,281.2% during the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after acquiring an additional 696,113 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Mettler-Toledo International by 4.9% during the 2nd quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock worth $395,033,000 after acquiring an additional 31,597 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of Mettler-Toledo International by 10.2% during the 2nd quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock worth $378,096,000 after acquiring an additional 59,513 shares during the period. Hedge funds and other institutional investors own 93.38% of the company’s stock.
Mettler-Toledo International (MTD) traded up $8.67 during trading hours on Friday, reaching $635.02. The company’s stock had a trading volume of 48,812 shares, compared to its average volume of 157,101. Mettler-Toledo International has a 1 year low of $407.87 and a 1 year high of $694.48. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $16,021.48, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.86 and a beta of 1.13.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. During the same quarter in the prior year, the firm posted $3.89 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts expect that Mettler-Toledo International will post 17.52 EPS for the current year.
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About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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