Mettler-Toledo International (NYSE:MTD) Stock Price Expected to Rise, Evercore ISI Analyst Says

Mettler-Toledo International (NYSE:MTD - Free Report) had its target price increased by Evercore ISI from $1,450.00 to $1,475.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the medical instruments supplier's stock.

Several other research firms also recently weighed in on MTD. Citigroup raised shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating for the company. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday. Stifel Nicolaus decreased their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird increased their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $1,368.00.

Mettler-Toledo International Stock Down 1.2 %

Shares of Mettler-Toledo International stock traded down $15.42 during trading on Monday, hitting $1,297.18. 78,002 shares of the stock traded hands, compared to its average volume of 136,770. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 4.80 and a beta of 1.13. Mettler-Toledo International has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The firm's fifty day moving average is $1,282.98 and its 200-day moving average is $1,341.42.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts' consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. On average, analysts forecast that Mettler-Toledo International will post 41.94 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 140 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $33,000. Blue Trust Inc. raised its holdings in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the third quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International during the fourth quarter valued at $44,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $54,000. 95.07% of the stock is owned by institutional investors.

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.