Mettler-Toledo International Receives Average Recommendation of “Hold” from Brokerages (NYSE:MTD)
Shares of Mettler-Toledo International (NYSE:MTD) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Stock Ratings Network reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $262.29.
In other Mettler-Toledo International news, Director Robert F. Spoerry unloaded 10,000 shares of Mettler-Toledo International 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 document filed with the SEC, which can be accessed through this link.
Shares of Mettler-Toledo International (NYSE:MTD) opened at 270.48 on Wednesday. Mettler-Toledo International has a one year low of $217.82 and a one year high of $273.32. The stock’s 50-day moving average is $261.6 and its 200-day moving average is $246.9. The company has a market cap of $7.813 billion and a P/E ratio of 25.83.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results 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.
A number of research firms have recently commented on MTD. 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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