Mettler-Toledo International, Inc. (NYSE:MTD) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Mettler-Toledo International, Inc. (NYSE:MTD) in a report released on Saturday morning. They currently have a $565.00 price objective on the medical instruments supplier’s stock, up from their prior price objective of $533.00.

Other equities analysts have also issued research reports about the company. Cleveland Research upgraded Mettler-Toledo International from a neutral rating to a buy rating in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $538.00 price target on the stock in a research note on Wednesday, April 12th. Bank of America Corporation raised their price target on Mettler-Toledo International from $590.00 to $630.00 and gave the company a buy rating in a research note on Wednesday, May 31st. BidaskClub lowered Mettler-Toledo International from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC restated a hold rating and set a $550.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Mettler-Toledo International has a consensus rating of Buy and an average target price of $523.43.

Mettler-Toledo International (NYSE:MTD) opened at 614.99 on Friday. The firm’s 50-day moving average is $595.58 and its 200-day moving average is $515.26. The stock has a market capitalization of $15.88 billion, a P/E ratio of 40.12 and a beta of 1.14. Mettler-Toledo International has a 12 month low of $383.71 and a 12 month high of $616.57.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 EPS for the quarter, beating the consensus estimate of $3.08 by $0.26. The firm had revenue of $594.57 million for the quarter, compared to analyst estimates of $571.30 million. Mettler-Toledo International had a return on equity of 90.28% and a net margin of 16.04%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. On average, equities analysts expect that Mettler-Toledo International will post $17.26 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://transcriptdaily.com/2017/07/25/mettler-toledo-international-inc-nysemtd-given-equal-weight-rating-at-morgan-stanley.html.

In other Mettler-Toledo International news, insider Waldemar Rauch sold 1,100 shares of Mettler-Toledo International stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $595.91, for a total value of $655,501.00. Following the transaction, the insider now owns 3,065 shares in the company, valued at $1,826,464.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis A. Contino sold 725 shares of Mettler-Toledo International stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $546.00, for a total value of $395,850.00. Following the completion of the transaction, the director now owns 2,234 shares in the company, valued at approximately $1,219,764. The disclosure for this sale can be found here. Insiders sold 52,046 shares of company stock worth $28,826,702 in the last quarter. 5.20% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of MTD. Israel Discount Bank of New York bought a new position in Mettler-Toledo International during the first quarter valued at about $102,000. YorkBridge Wealth Partners LLC raised its position in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the period. TLP Group LLC bought a new position in Mettler-Toledo International during the first quarter valued at about $144,000. Penserra Capital Management LLC raised its position in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the period. Finally, Fernwood Investment Management LLC bought a new position in Mettler-Toledo International during the first quarter valued at about $204,000. Institutional investors own 95.42% of the company’s stock.

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.

Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply