Mettler-Toledo International Given Average Rating of “Hold” by Brokerages (NYSE:MTD)
Shares of Mettler-Toledo International (NYSE:MTD) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Analyst Ratings Network reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $262.29.
In other Mettler-Toledo International news, Director Robert F. Spoerry sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $269.56, for a total value of $2,695,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Mettler-Toledo International (NYSE:MTD) traded up 0.06% on Wednesday, hitting $271.57. 10,493 shares of the company’s stock traded hands. Mettler-Toledo International has a 52 week low of $217.82 and a 52 week high of $273.32. The stock has a 50-day moving average of $260.0 and a 200-day moving average of $246.6. The company has a market cap of $7.845 billion and a price-to-earnings ratio of 25.92.
Mettler-Toledo International (NYSE:MTD) last released its earnings data 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.
Several analysts have recently commented on the stock. 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.
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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