Mettler-Toledo International Lowered to Neutral at Ned Davis Research (MTD)
Mettler-Toledo International (NYSE:MTD) was downgraded by investment analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, AnalystRatings.Net reports.
Mettler-Toledo International (NYSE:MTD) traded up 0.11% during mid-day trading on Monday, hitting $240.45. 21,447 shares of the company’s stock traded hands. Mettler-Toledo International has a one year low of $160.86 and a one year high of $243.57. The stock has a 50-day moving average of $231.0 and a 200-day moving average of $218.8. The company has a market cap of $7.200 billion and a price-to-earnings ratio of 25.10.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.15 earnings per share. Mettler-Toledo International’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Mettler-Toledo International will post $10.54 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MTD. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Mettler-Toledo International (NYSE:MTD) from $222.00 to $233.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $236.14.
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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