Mettler-Toledo International Hits New 1-Year High at $268.73 (MTD)
Mettler-Toledo International (NYSE:MTD) shares reached a new 52-week high during trading on Friday , Analyst RN reports. The company traded as high as $268.73 and last traded at $265.51, with a volume of 62,746 shares. The stock had previously closed at $265.80.
A number of analysts have recently weighed in on MTD shares. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Mettler-Toledo International in a research note on Monday, July 28th. They now have a $280.00 price target on the stock, up previously from $270.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Mettler-Toledo International in a research note on Friday, July 25th. They now have a $275.00 price target on the stock, up previously from $240.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Friday, July 25th. They now have a $250.00 price target on the stock, up previously from $235.00. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $262.29.
The stock’s 50-day moving average is $256.6 and its 200-day moving average is $245.0. The company has a market cap of $7.694 billion and a P/E ratio of 25.38.
Mettler-Toledo International (NYSE:MTD) last released its earnings data on Thursday, July 24th. The company reported $2.57 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $2.35 earnings per share. Mettler-Toledo International’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Mettler-Toledo International will post $11.59 earnings per share for the current fiscal year.
In other Mettler-Toledo International news, Director Robert F. Spoerry unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $260.88, for a total value of $1,304,400.00. The sale was disclosed in a legal filing with the SEC, which is available at 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.