Mettler-Toledo International’s (MTD) Hold Rating Reaffirmed at Jefferies Group LLC
Mettler-Toledo International, Inc. (NYSE:MTD)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report released on Friday. They currently have a $600.00 price target on the medical instruments supplier’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 10.28% from the company’s previous close. Jefferies Group also issued estimates for Mettler-Toledo International’s Q3 2017 earnings at $4.30 EPS, Q4 2017 earnings at $5.85 EPS, FY2017 earnings at $17.40 EPS, Q2 2018 earnings at $4.69 EPS, Q3 2018 earnings at $4.97 EPS, Q4 2018 earnings at $5.71 EPS and FY2018 earnings at $19.55 EPS.
A number of other analysts have also commented on MTD. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Bank of America Corporation lifted their price target on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $535.00 price target (down from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mettler-Toledo International has a consensus rating of “Buy” and a consensus price target of $611.00.
Shares of Mettler-Toledo International (NYSE:MTD) traded up 1.14% during midday trading on Friday, hitting $668.72. The stock had a trading volume of 84,194 shares. Mettler-Toledo International has a 52 week low of $395.61 and a 52 week high of $670.46. The stock has a market cap of $17.16 billion, a PE ratio of 41.12 and a beta of 1.11. The stock has a 50-day moving average of $636.21 and a 200 day moving average of $583.39.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. During the same quarter in the previous year, the business earned $3.22 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that Mettler-Toledo International will post $17.37 EPS for the current fiscal year.
In other news, Director Robert F. Spoerry sold 5,000 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the transaction, the director now directly owns 8,287 shares of the company’s stock, valued at $4,895,793.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William P. Donnelly sold 2,845 shares of Mettler-Toledo International stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total transaction of $1,641,337.40. Following the transaction, the insider now directly owns 2,345 shares in the company, valued at $1,352,877.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,356 shares of company stock worth $16,150,829. Insiders own 5.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MTD. JPMorgan Chase & Co. lifted its position in Mettler-Toledo International by 25.5% in the 1st quarter. JPMorgan Chase & Co. now owns 16,487 shares of the medical instruments supplier’s stock valued at $7,897,000 after acquiring an additional 3,348 shares in the last quarter. Teachers Advisors LLC lifted its position in Mettler-Toledo International by 2.8% in the 1st quarter. Teachers Advisors LLC now owns 38,755 shares of the medical instruments supplier’s stock valued at $18,560,000 after acquiring an additional 1,058 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mettler-Toledo International by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 90,636 shares of the medical instruments supplier’s stock valued at $43,406,000 after acquiring an additional 3,555 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Mettler-Toledo International in the 1st quarter valued at $27,489,000. Finally, United Capital Financial Advisers LLC bought a new stake in Mettler-Toledo International in the 1st quarter valued at $246,000. 93.08% of the stock is currently owned by institutional investors and hedge funds.
About Mettler-Toledo International
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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