Evercore ISI Issues Positive Forecast for Mettler-Toledo International (NYSE:MTD) Stock Price

Mettler-Toledo International (NYSE:MTD) had its target price lifted by 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 target price would suggest a potential upside of 9.57% from the stock’s previous close.

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

Mettler-Toledo International Trading Down 3.2 %

MTD stock traded down $43.83 during mid-day trading on Monday, reaching $1,346.17. The company’s stock had a trading volume of 56,742 shares, compared to its average volume of 128,816. The company’s 50 day moving average is $1,278.92 and its two-hundred day moving average is $1,342.95. The stock has a market cap of $28.40 billion, a PE ratio of 33.36, a P/E/G ratio of 4.80 and a beta of 1.13. Mettler-Toledo International has a fifty-two week low of $1,133.46 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, analysts forecast 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 the business’s 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 owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at about $500,000. Wedmont Private Capital purchased a new stake in Mettler-Toledo International in the third quarter valued at approximately $246,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Mettler-Toledo International by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 125 shares of the medical instruments supplier’s stock valued at $187,000 after acquiring an additional 100 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Mettler-Toledo International by 2,300.0% during the third quarter. Exchange Traded Concepts LLC now owns 144 shares of the medical instruments supplier’s stock worth $216,000 after acquiring an additional 138 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Mettler-Toledo International by 40.0% in the 3rd quarter. Koshinski Asset Management Inc. now owns 322 shares of the medical instruments supplier’s stock valued at $483,000 after acquiring an additional 92 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

About Mettler-Toledo International

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.