Mettler-Toledo International (NYSE:MTD) Price Target Raised to $1,475.00

Mettler-Toledo International (NYSE:MTDGet Free Report) had its price objective hoisted by stock analysts at Evercore ISI from $1,450.00 to $1,475.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the medical instruments supplier’s stock. Evercore ISI’s price target points to a potential upside of 9.57% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $1,368.00.

Check Out Our Latest Research Report on MTD

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded down $43.83 during trading hours on Monday, reaching $1,346.17. The stock had a trading volume of 56,742 shares, compared to its average volume of 128,816. The stock has a market cap of $28.40 billion, a PE ratio of 33.36, a PEG ratio of 4.80 and a beta of 1.13. The company has a fifty day simple moving average of $1,278.92 and a 200-day simple moving average of $1,342.95. Mettler-Toledo International has a 52 week low of $1,133.46 and a 52 week high of $1,546.93.

Mettler-Toledo International (NYSE:MTDGet Free Report) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. Research analysts predict that Mettler-Toledo International will post 41.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. DT Investment Partners LLC grew its stake in Mettler-Toledo International by 13.3% in the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock worth $102,000 after acquiring an additional 8 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock worth $78,000 after acquiring an additional 8 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Mettler-Toledo International by 1.2% during the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,135,000 after buying an additional 9 shares during the period. Suncoast Equity Management boosted its holdings in Mettler-Toledo International by 2.0% in the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock valued at $690,000 after purchasing an additional 9 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after acquiring an additional 9 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

About Mettler-Toledo International

(Get Free Report)

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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

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