Mettler-Toledo International Receives New Coverage from Analysts at Citigroup Inc. (MTD)
Investment analysts at Citigroup Inc. began coverage on shares of Mettler-Toledo International (NYSE:MTD) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $275.00 price target on the stock. Citigroup Inc.’s target price indicates a potential upside of 8.43% from the stock’s previous close.
Shares of Mettler-Toledo International (NYSE:MTD) traded down 0.52% on Thursday, hitting $252.30. The stock had a trading volume of 9,502 shares. Mettler-Toledo International has a 1-year low of $210.00 and a 1-year high of $258.31. The stock has a 50-day moving average of $249.5 and a 200-day moving average of $243.4. The company has a market cap of $7.372 billion and a P/E ratio of 24.81.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results 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 $11.62 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MTD. 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. 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $260.20.
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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