Mettler-Toledo International (NYSE:MTD) Upgraded to "Buy" at UBS Group

Mettler-Toledo International (NYSE:MTD - Get Free Report) was upgraded by equities research analysts at UBS Group from a "neutral" rating to a "buy" rating in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a $1,350.00 price target on the medical instruments supplier's stock, down from their previous price target of $1,530.00. UBS Group's price target would suggest a potential upside of 16.46% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a report on Monday, April 7th. Finally, StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Stock Up 0.2%

Mettler-Toledo International stock opened at $1,159.20 on Tuesday. The business has a 50 day moving average price of $1,105.88 and a two-hundred day moving average price of $1,216.32. Mettler-Toledo International has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted 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. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The firm had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same quarter in the previous year, the company earned $8.89 earnings per share. The business's revenue was down 4.6% compared to the same quarter last year. On average, analysts expect that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal year.

Insider Activity

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. The trade was a 51.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $33,000. WPG Advisers LLC acquired a new position in Mettler-Toledo International in the first quarter valued at about $41,000. Zions Bancorporation National Association UT bought a new stake in shares of Mettler-Toledo International in the first quarter worth about $43,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $44,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 583.3% during the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

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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