Mettler-Toledo International Given Consensus Recommendation of “Hold” by Brokerages (NYSE:MTD)
Mettler-Toledo International (NYSE:MTD) has been given an average rating of “Hold” by the seven brokerages that are presently covering the stock, American Banking News reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $256.50.
Mettler-Toledo International (NYSE:MTD) traded up 0.06% on Wednesday, hitting $245.12. 2,329 shares of the company’s stock traded hands. 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 $235.6 and a 200-day moving average of $242.. The company has a market cap of $7.162 billion and a P/E ratio of 23.96.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $2.00 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.84 earnings per share. Mettler-Toledo International’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Mettler-Toledo International will post $11.61 EPS for the current fiscal year.
A number of analysts have recently weighed in on MTD shares. Analysts at Cantor Fitzgerald raised their price target on shares of Mettler-Toledo International from $266.00 to $270.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Separately, 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, May 9th. They now have a “neutral” rating on the stock. Finally, 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.
In other Mettler-Toledo International news, Director Robert Spoerry unloaded 10,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $245.40, for a total transaction of $2,454,000.00. Following the completion of the transaction, the director now directly owns 5,587 shares in the company, valued at approximately $1,371,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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