Mettler-Toledo International (MTD) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mettler-Toledo International in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTD, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued twelve-month target prices for Mettler-Toledo International's shares. Their MTD share price forecasts range from $1,237.00 to $1,660.00. On average, they predict the company's stock price to reach $1,469.50 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
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Mettler-Toledo International's stock was trading at $1,445.45 at the start of the year. Since then, MTD stock has decreased by 6.7% and is now trading at $1,348.19.
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Mettler-Toledo International saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 377,400 shares, an increase of 12.5% from the April 15th total of 335,500 shares. Based on an average daily volume of 94,500 shares, the days-to-cover ratio is currently 4.0 days. Approximately 1.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Mettler-Toledo International Inc. (NYSE:MTD) posted its earnings results on Thursday, May, 4th. The medical instruments supplier reported $8.69 EPS for the quarter, topping analysts' consensus estimates of $8.61 by $0.08. The medical instruments supplier earned $928.70 million during the quarter, compared to analyst estimates of $921.19 million. Mettler-Toledo International had a net margin of 22.45% and a negative trailing twelve-month return on equity of 4,833.51%. Mettler-Toledo International's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $7.87 earnings per share.
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ETFs with the largest weight of Mettler-Toledo International (NYSE:MTD) stock in their portfolio include Martin Currie Sustainable International Equity ETF (MCSE), First Trust NYSE Arca Biotechnology Index Fund (FBT), Invesco DWA Healthcare Momentum ETF (PTH), Logan Capital Broad Innovative Growth ETF (LCLG), iShares Biotechnology ETF (IBB), Invesco Focused Discovery Growth ETF (IVDG), Goldman Sachs Future Health Care Equity ETF (GDOC) and AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ).

Mettler-Toledo International issued an update on its FY23 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $43.65-43.95 for the period, compared to the consensus estimate of $43.92.

224 employees have rated Mettler-Toledo International Chief Executive Officer Olivier A. Filliol on Glassdoor.com. Olivier A. Filliol has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mettler-Toledo International investors own include Intuitive Surgical (ISRG), NVIDIA (NVDA), Home Depot (HD), Adobe (ADBE), AbbVie (ABBV), Johnson & Johnson (JNJ), Northrop Grumman (NOC), Alibaba Group (BABA), Lockheed Martin (LMT) and Broadcom (AVGO).

Mettler-Toledo International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTD."

Mettler-Toledo International's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.78%), State Street Corp (4.35%), WCM Investment Management LLC (4.20%), FMR LLC (3.59%), Geode Capital Management LLC (2.27%) and Fiera Capital Corp (2.22%). Insiders that own company stock include Ann Ping Richard Wong, Christian Magloth, Elisha W Finney, Gerry Keller, La Guerroniere Marc De, Oliver A Filliol, Olivier A Filliol, Patrick Kaltenbach, Peter Aggersbjerg, Robert F Spoerry, Robert F Spoerry, Shawn Vadala, Thomas P Salice and Wah-Hui Chu.
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Shares of MTD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTD stock can currently be purchased for approximately $1,348.19.

Mettler-Toledo International (NYSE:MTD) has a market capitalization of $29.69 billion and generates $3.92 billion in revenue each year. The medical instruments supplier earns $872.50 million in net income (profit) each year or $39.38 on an earnings per share basis.

The company employs 18,000 workers across the globe.

Mettler-Toledo International's mailing address is 1900 POLARIS PARKWAY, COLUMBUS OH, 43240. The official website for the company is www.mt.com. The medical instruments supplier can be reached via phone at (614) 438-4511, via email at mary.finnegan@mt.com, or via fax at 614-438-4900.