Mettler-Toledo International (MTD) Getting Somewhat Favorable News Coverage, Analysis Shows
News coverage about Mettler-Toledo International (NYSE:MTD) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mettler-Toledo International earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the medical instruments supplier an impact score of 45.2339246532944 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
MTD has been the subject of several recent research reports. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley increased their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird increased their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $621.57.
Mettler-Toledo International (NYSE MTD) traded up $3.73 during mid-day trading on Wednesday, reaching $615.98. The company’s stock had a trading volume of 92,601 shares, compared to its average volume of 156,630. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The firm has a market capitalization of $15,521.41, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.09. Mettler-Toledo International has a one year low of $408.65 and a one year high of $694.48.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.04. The company had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.89 earnings per share. analysts predict that Mettler-Toledo International will post 17.52 EPS for the current fiscal year.
In other news, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the transaction, the director now directly owns 62,437 shares in the company, valued at $38,149,007. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Simon Kirk sold 4,726 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $629.01, for a total value of $2,972,701.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,859 shares of company stock valued at $25,786,789. 5.20% of the stock is owned by insiders.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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