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.

COPYRIGHT VIOLATION WARNING: “Mettler-Toledo International’s (MTD) Hold Rating Reaffirmed at Jefferies Group LLC” was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/21/mettler-toledo-internationals-mtd-hold-rating-reaffirmed-at-jefferies-group-llc-2.html.

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.

Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.