Mettler-Toledo International Sets New 12-Month High at $274.36 (MTD)
Mettler-Toledo International (NYSE:MTD) reached a new 52-week high during trading on Tuesday , AnalystRatings.NET reports. The stock traded as high as $274.36 and last traded at $271.39, with a volume of 76,134 shares traded. The stock had previously closed at $270.48.
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. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $262.29.
The stock has a 50-day moving average of $261.6 and a 200-day moving average of $246.9. The company has a market cap of $7.880 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 (EPS) for the quarter, meeting the 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 previous year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Mettler-Toledo International will post $11.60 earnings per share for the current fiscal year.
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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