Mettler-Toledo International (NYSE:MTD) Stock Price Expected to Rise, Bank of America Analyst Says

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its price objective lifted by equities research analysts at Bank of America from $1,200.00 to $1,260.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the medical instruments supplier's stock. Bank of America's price objective points to a potential upside of 6.38% from the stock's current price.

A number of other equities research analysts have also commented on MTD. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their price target for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Finally, Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,300.36.

Mettler-Toledo International Trading Down 0.7%

Shares of Mettler-Toledo International stock traded down $8.91 on Thursday, reaching $1,184.40. 163,651 shares of the company were exchanged, compared to its average volume of 150,548. Mettler-Toledo International has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 3.64 and a beta of 1.38. The stock has a fifty day moving average price of $1,133.98 and a 200-day moving average price of $1,197.76.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. Mettler-Toledo International's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $8.89 EPS. On average, equities analysts anticipate that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the sale, the director now directly owns 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Mettler-Toledo International

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International in the 4th quarter valued at $33,000. WPG Advisers LLC bought a new stake in Mettler-Toledo International during the first quarter worth about $41,000. Zions Bancorporation National Association UT acquired a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $43,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $44,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Mettler-Toledo International by 583.3% in the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Company Profile

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.