Mettler-Toledo International, Inc. (NYSE:MTD)‘s stock had its “equal weight” rating reissued by investment analysts at Morgan Stanley in a research report issued on Friday. They currently have a $535.00 target price on the medical instruments supplier’s stock, down from their previous target price of $565.00. Morgan Stanley’s price objective points to a potential downside of 17.15% from the company’s previous close.
A number of other equities analysts have also commented on MTD. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $589.33.
Shares of Mettler-Toledo International (NYSE MTD) opened at 645.76 on Friday. The company has a 50-day moving average price of $616.52 and a 200 day moving average price of $570.40. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 39.71 and a beta of 1.11. Mettler-Toledo International has a 52 week low of $395.61 and a 52 week high of $647.97.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. During the same quarter last year, the company earned $3.22 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Analysts expect that Mettler-Toledo International will post $17.33 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Morgan Stanley Reiterates “Equal Weight” Rating for Mettler-Toledo International, Inc. (MTD)” was published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://transcriptdaily.com/2017/10/08/morgan-stanley-reiterates-equal-weight-rating-for-mettler-toledo-international-inc-mtd.html.
In related news, insider Thomas Caratsch sold 150 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $578.00, for a total value of $86,700.00. Following the completion of the sale, the insider now directly owns 920 shares of the company’s stock, valued at approximately $531,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,356 shares of company stock valued at $16,150,829. Corporate insiders own 5.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. First Personal Financial Services boosted its stake in Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the last quarter. Sun Life Financial INC boosted its stake in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $118,000. CAPROCK Group Inc. acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $205,000. Finally, Personal Capital Advisors Corp acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $206,000. 93.18% of the stock is owned by institutional investors and hedge funds.
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.
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.