Mettler-Toledo International PT Raised to $233.00 at Goldman Sachs Group Inc. (MTD)
Investment analysts at Goldman Sachs Group Inc. upped their target price on shares of Mettler-Toledo International (NYSE:MTD) from $222.00 to $233.00 in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 2.99% from the stock’s previous close.
A number of other firms have also recently commented on MTD. Analysts at Morgan Stanley initiated coverage on shares of Mettler-Toledo International (NYSE:MTD) in a research note to investors on Friday, September 6th. They set an “overweight” rating and a $271.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Mettler-Toledo International (NYSE:MTD) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. Finally, analysts at Cantor Fitzgerald upgraded shares of Mettler-Toledo International (NYSE:MTD) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th. They now have a $252.00 price target on the stock, up previously from $205.00. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $236.14.
Shares of Mettler-Toledo International (NYSE:MTD) traded down 0.98% during mid-day trading on Friday, hitting $240.19. The stock had a trading volume of 70,530 shares. Mettler-Toledo International has a 52 week low of $160.86 and a 52 week high of $243.57. The stock has a 50-day moving average of $230.6 and a 200-day moving average of $218.7. The company has a market cap of $7.192 billion and a price-to-earnings ratio of 25.35.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.01. The company had revenue of $578.70 million for the quarter, compared to the consensus estimate of $571.42 million. During the same quarter in the previous year, the company posted $2.15 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that Mettler-Toledo International will post $10.54 EPS for the current fiscal year.
Mettler-Toledo International Inc is a global supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications.
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