Mettler-Toledo International, Inc. (NYSE:MTD) has earned an average recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $606.67.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Goldman Sachs Group reaffirmed a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $535.00 target price (down from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Bank of America lifted their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $600.00 target price on shares of Mettler-Toledo International in a research note on Friday, October 20th.

Shares of Mettler-Toledo International (NYSE MTD) traded up $3.54 during mid-day trading on Thursday, reaching $629.93. 196,768 shares of the company’s stock were exchanged, compared to its average volume of 155,967. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. Mettler-Toledo International has a one year low of $408.97 and a one year high of $694.48. The stock has a market capitalization of $16,110.00, a P/E ratio of 36.98, a PEG ratio of 2.85 and a beta of 1.09.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The company had revenue of $698.80 million for the quarter, compared to the consensus estimate of $685.56 million. During the same period in the previous year, the firm earned $3.89 earnings per share. Mettler-Toledo International’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts anticipate that Mettler-Toledo International will post 17.52 earnings per share for the current fiscal year.

In other news, insider William P. Donnelly sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total value of $6,300,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William P. Donnelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $632.14, for a total transaction of $3,160,700.00. Following the completion of the sale, the executive vice president now directly owns 6,000 shares in the company, valued at $3,792,840. The disclosure for this sale can be found here. Insiders sold a total of 39,969 shares of company stock worth $25,242,999 over the last three months. Insiders own 5.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MTD. Canada Pension Plan Investment Board raised its stake in shares of Mettler-Toledo International by 66,357.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,627 shares of the medical instruments supplier’s stock valued at $7,431,000 after acquiring an additional 12,608 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Mettler-Toledo International by 5.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 118,707 shares of the medical instruments supplier’s stock valued at $69,864,000 after purchasing an additional 6,213 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Mettler-Toledo International by 45.3% in the second quarter. First Trust Advisors LP now owns 47,065 shares of the medical instruments supplier’s stock valued at $27,700,000 after purchasing an additional 14,682 shares in the last quarter. Conning Inc. acquired a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $206,000. Finally, Dupont Capital Management Corp grew its holdings in shares of Mettler-Toledo International by 28.2% in the second quarter. Dupont Capital Management Corp now owns 473 shares of the medical instruments supplier’s stock valued at $278,000 after purchasing an additional 104 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Mettler-Toledo International, Inc. (MTD) Receives Average Rating of “Buy” from Analysts” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/14/mettler-toledo-international-inc-mtd-receives-average-rating-of-buy-from-analysts.html.

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