Mettler-Toledo International Price Target Raised to $270.00 at Cantor Fitzgerald (MTD)
Equities researchers at Cantor Fitzgerald lifted their target price on shares of Mettler-Toledo International (NYSE:MTD) from $266.00 to $270.00 in a research report issued on Friday, AnalystRatingsNetwork.com reports. Cantor Fitzgerald’s price objective suggests a potential upside of 14.48% from the company’s current price.
A number of other firms have also recently commented on MTD. Analysts at ISI Group cut their price target on shares of Mettler-Toledo International from $260.00 to $245.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of Mettler-Toledo International from $239.00 to $240.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Mettler-Toledo International in a research note on Tuesday, February 11th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $257.80.
Mettler-Toledo International (NYSE:MTD) opened at 235.16 on Friday. Mettler-Toledo International has a 52-week low of $199.91 and a 52-week high of $258.31. The stock has a 50-day moving average of $232.9 and a 200-day moving average of $242.5. The company has a market cap of $6.911 billion and a P/E ratio of 23.68.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $2.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.02. The company had revenue of $550.60 million for the quarter, compared to the consensus estimate of $538.10 million. During the same quarter in the prior year, the company posted $1.84 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Mettler-Toledo International will post $11.61 earnings per share 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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