Mettler-Toledo International (NYSE:MTD) Price Target Cut to $670.00 by Analysts at UBS Group

Mettler-Toledo International (NYSE:MTD) had its price target decreased by UBS Group from $680.00 to $670.00 in a research report sent to investors on Friday, AnalystRatings.com reports. UBS Group currently has a sell rating on the medical instruments supplier’s stock.

A number of other equities research analysts have also issued reports on MTD. Barclays reduced their price target on Mettler-Toledo International from $680.00 to $640.00 and set an underweight rating on the stock in a research report on Wednesday, October 9th. Bank of America reduced their price target on Mettler-Toledo International from $830.00 to $720.00 and set a neutral rating on the stock in a research report on Thursday, October 17th. Zacks Investment Research lowered Mettler-Toledo International from a hold rating to a sell rating and set a $760.00 price target on the stock. in a research report on Tuesday, November 5th. Finally, ValuEngine lowered Mettler-Toledo International from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. The company has an average rating of Sell and an average price target of $697.50.

Mettler-Toledo International stock traded down $11.95 during midday trading on Friday, reaching $708.86. 410,664 shares of the stock traded hands, compared to its average volume of 167,265. The company has a 50-day simple moving average of $694.04 and a two-hundred day simple moving average of $734.92. Mettler-Toledo International has a 12-month low of $500.74 and a 12-month high of $873.51. The firm has a market cap of $17.58 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 2.16.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $5.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.71 by $0.06. The company had revenue of $753.90 million for the quarter, compared to analyst estimates of $751.34 million. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. Mettler-Toledo International’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.12 EPS. Equities research analysts anticipate that Mettler-Toledo International will post 22.7 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of MTD. Ropes Wealth Advisors LLC raised its position in shares of Mettler-Toledo International by 170.6% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 46 shares of the medical instruments supplier’s stock worth $32,000 after acquiring an additional 29 shares in the last quarter. Altshuler Shaham Ltd raised its position in shares of Mettler-Toledo International by 74.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 47 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 20 shares in the last quarter. Berman Capital Advisors LLC raised its position in shares of Mettler-Toledo International by 48.5% during the 2nd quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock worth $41,000 after acquiring an additional 16 shares in the last quarter. CSat Investment Advisory L.P. raised its position in shares of Mettler-Toledo International by 136.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 59 shares of the medical instruments supplier’s stock worth $50,000 after acquiring an additional 34 shares in the last quarter. Finally, CWM LLC raised its position in shares of Mettler-Toledo International by 20.7% during the 3rd quarter. CWM LLC now owns 111 shares of the medical instruments supplier’s stock worth $78,000 after acquiring an additional 19 shares in the last quarter. 97.18% of the stock is currently owned by institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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