Mettler-Toledo International, I (NYSE:MTD).
On August 31 the company was rated “Buy” by Bank of America a boost from the previous “Buy” rating. Equity analyst Citigroup downgraded the stock and raised the price target on June 23 changing the price objective from $345.00 to $400.00 and altering the rating from “Neutral” to “Neutral”.
On June 23 the stock rating was downgraded from “Neutral” to “Neutral” with a current price target of $400.00 by Citigroup. On July 31 Citigroup made no change to the stock rating of “Neutral” and raised the price expectation to $345.00 from $325.00.
May 8 investment analysts at Jefferies maintained a stock rating of “Hold” but moved up the price target from $290.00 to $295.00.
The company is up by 1.65% since yesterday’s close of $592.58. It is trading at $602.35 slightly over the 50 day moving average of $582.56 and a tad higher than the 200 day moving average of $494.11. The 50 day moving average went up by +3.40% and the 200 day average was up $108.24.
Mettler-Toledo International Inc., launched on December 6, 1991, 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. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development, and process analytics instruments used for in-line measurement in production processes. In addition, the Company is also a supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. The Company serves food and beverage producers; food retailers; chemical, specialty chemicals and cosmetics companies, and the transportation and logistics industry, among others..
The company’s P/E ratio is 39.30 and market cap is 15.55B. In the latest earnings report the EPS was $15.33 and is estimated to be $17.20 for the current year with 25,821,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $4.20 with next year’s EPS anticipated to be $19.29.