Mettler-Toledo International (MTD) Price Target Raised to $580.00 at Morgan Stanley

Mettler-Toledo International (NYSE:MTD) had its target price upped by analysts at Morgan Stanley from $550.00 to $580.00 in a note issued to investors on Friday. The firm presently has an “equal weight” rating on the medical instruments supplier’s stock. Morgan Stanley’s price target points to a potential downside of 3.39% from the stock’s current price.

Several other brokerages also recently issued reports on MTD. Evercore ISI started coverage on Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target on the stock. Robert W. Baird raised their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Barclays started coverage on Mettler-Toledo International in a research report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $656.44.

Shares of Mettler-Toledo International (NYSE:MTD) traded down $0.63 during trading hours on Friday, hitting $600.37. The stock had a trading volume of 413,202 shares, compared to its average volume of 176,885. The firm has a market capitalization of $15,210.00, a P/E ratio of 36.08, a P/E/G ratio of 2.56 and a beta of 1.08. Mettler-Toledo International has a 12 month low of $460.00 and a 12 month high of $697.26. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.93 by $0.04. The company had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $5.28 earnings per share. research analysts predict that Mettler-Toledo International will post 17.53 EPS for the current fiscal year.

In related news, insider Simon Kirk sold 4,726 shares of Mettler-Toledo International stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $629.01, for a total transaction of $2,972,701.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William P. Donnelly sold 10,000 shares of Mettler-Toledo International stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $630.02, for a total value of $6,300,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,585 shares of company stock worth $23,083,195. 5.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MTD. USA Mutuals Advisors Inc. bought a new position in Mettler-Toledo International during the fourth quarter worth about $101,000. Steward Partners Investment Advisory LLC bought a new position in Mettler-Toledo International during the third quarter worth about $125,000. Quantbot Technologies LP bought a new position in Mettler-Toledo International during the third quarter worth about $193,000. Lourd Capital LLC bought a new position in Mettler-Toledo International during the fourth quarter worth about $211,000. Finally, Quadrant Private Wealth Management LLC bought a new position in Mettler-Toledo International during the fourth quarter worth about $232,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.

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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)

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