Mettler-Toledo International Given “Buy” Rating at Cantor Fitzgerald (MTD)
Mettler-Toledo International (NYSE:MTD)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald in a note issued to investors on Monday. They currently have a $280.00 target price on the stock, up from their previous target price of $270.00. Cantor Fitzgerald’s target price indicates a potential upside of 6.24% from the company’s current price.
Mettler-Toledo International (NYSE:MTD) traded down 0.82% during mid-day trading on Monday, hitting $261.39. The stock had a trading volume of 150,984 shares. Mettler-Toledo International has a 52-week low of $210.00 and a 52-week high of $267.22. The stock has a 50-day moving average of $252.0 and a 200-day moving average of $244.2. The company has a market cap of $7.551 billion and a P/E ratio of 25.17.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 24th. The company reported $2.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.57. The company had revenue of $608.80 million for the quarter, compared to the consensus estimate of $601.17 million. During the same quarter in the prior year, the company posted $2.35 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Mettler-Toledo International will post $11.59 EPS for the current fiscal year.
A number of other firms have also recently commented on MTD. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Mettler-Toledo International in a research note on Friday. They now have a $275.00 price target on the stock, up previously from $240.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Friday. They now have a $250.00 price target on the stock, up previously from $235.00. Finally, analysts at Citigroup Inc. initiated coverage on shares of Mettler-Toledo International in a research note on Thursday, July 17th. They set a “neutral” rating and a $275.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $262.29.
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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