A number of research firms have changed their ratings and price targets for Mettler-Toledo International (NYSE: MTD):

  • 9/26/2017 – Mettler-Toledo International had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $690.00 price target on the stock.
  • 9/26/2017 – Mettler-Toledo International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mettler-Toledo is a worldwide analytical instruments provider. The company reported better-than-expected second-quarter 2017 results, surpassing the Zacks Consensus Estimate on earnings and revenues. The results were driven by strong growth across all product lines and regions. The company’s growth initiatives-Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches – continued to deliver positive results. We remain positive about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company is expected to benefit from strong growth prospects in product inspection and services. However, seasonality, volatility in emerging market growth, foreign exchange risk and business concentration in China remain overhangs. Year to date, the stock has outperformed the industry it belongs.”
  • 9/21/2017 – Mettler-Toledo International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $711.00 price target on the stock. According to Zacks, “Mettler-Toledo is a worldwide analytical instruments provider. The company reported better-than-expected second-quarter 2017 results, surpassing the Zacks Consensus Estimate on earnings and revenues. The results were driven by strong growth across all product lines and regions. The company’s growth initiatives-Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches – continued to deliver positive results. We remain positive about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company is expected to benefit from strong growth prospects in product inspection and services. However, seasonality, volatility in emerging market growth, foreign exchange risk and business concentration in China remain overhangs. Year to date, the stock has outperformed the industry it belongs.”
  • 9/14/2017 – Mettler-Toledo International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $705.00 price target on the stock. According to Zacks, “Mettler-Toledo is a worldwide analytical instruments provider. The company reported better-than-expected second-quarter 2017 results, surpassing the Zacks Consensus Estimate on earnings and revenues. The results were driven by strong growth across all product lines and regions. The company’s growth initiatives-Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches – continued to deliver positive results. We remain positive about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company is expected to benefit from strong growth prospects in product inspection and services. However, seasonality, volatility in emerging market growth, foreign exchange risk and business concentration in China remain overhangs. Year to date, the stock has outperformed the industry it belongs.”
  • 9/13/2017 – Mettler-Toledo International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mettler-Toledo is a worldwide analytical instruments provider. The company reported better-than-expected second-quarter 2017 results, surpassing the Zacks Consensus Estimate on earnings and revenues. The results were driven by strong growth across all product lines and regions. The company’s growth initiatives-Field Turbo investments, marketing initiatives, Spinnaker sales and new product launches – continued to deliver positive results. We remain positive about Mettler-Toledo’s leading market position, focus on product development and cost reduction, sales and marketing efforts and operational excellence programs. The company is expected to benefit from strong growth prospects in product inspection and services. However, seasonality, volatility in emerging market growth, foreign exchange risk and business concentration in China remain overhangs. Year to date, the stock has outperformed the industry it belongs.”
  • 8/14/2017 – Mettler-Toledo International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 639.89 on Wednesday. The firm has a 50-day moving average price of $610.96 and a 200-day moving average price of $568.14. Mettler-Toledo International, Inc. has a 52 week low of $395.61 and a 52 week high of $642.10. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 39.35 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The business had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same quarter in the prior year, the firm earned $3.22 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.

In other news, insider William P. Donnelly sold 2,845 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the sale, the insider now owns 2,345 shares in the company, valued at $1,352,877.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 1,500 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $577.00, for a total value of $865,500.00. Following the completion of the sale, the chief financial officer now directly owns 6,525 shares of the company’s stock, valued at approximately $3,764,925. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,356 shares of company stock worth $16,150,829. Corporate insiders own 5.20% of the company’s stock.

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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