Evercore ISI Increases Mettler-Toledo International (NYSE:MTD) Price Target to $1,280.00

Mettler-Toledo International (NYSE:MTD - Get Free Report) had its target price lifted by analysts at Evercore ISI from $1,200.00 to $1,280.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the medical instruments supplier's stock. Evercore ISI's target price points to a potential upside of 7.11% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Barclays initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Robert W. Baird decreased 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 research note on Tuesday, April 22nd. Finally, Bank of America increased their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and an average target price of $1,282.64.

Mettler-Toledo International Stock Up 0.5%

Mettler-Toledo International stock opened at $1,195.05 on Tuesday. The stock has a market capitalization of $24.84 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 3.72 and a beta of 1.37. Mettler-Toledo International has a twelve month low of $946.69 and a twelve month high of $1,546.93. The company has a 50 day moving average of $1,153.37 and a 200-day moving average of $1,195.52.

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

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the sale, the director owned 120 shares of the company's stock, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.94% of the stock is owned by company insiders.

Institutional Trading of Mettler-Toledo International

Several hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $33,000. WPG Advisers LLC bought a new position in shares of Mettler-Toledo International in the first quarter worth about $41,000. Zions Bancorporation National Association UT bought a new position in shares of Mettler-Toledo International in the first quarter worth about $43,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International in the 4th quarter worth approximately $44,000. Finally, Golden State Wealth Management LLC boosted its stake in Mettler-Toledo International by 583.3% in the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after purchasing an additional 35 shares during the period. Institutional investors 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.

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