Citigroup Issues Pessimistic Forecast for Mettler-Toledo International (NYSE:MTD) Stock Price

Mettler-Toledo International (NYSE:MTD) had its price objective dropped by stock analysts at Citigroup from $1,450.00 to $1,400.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the medical instruments supplier’s stock. Citigroup’s price target indicates a potential upside of 11.24% from the company’s previous close.

MTD has been the topic of several other reports. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird increased their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,380.50.

Mettler-Toledo International Trading Up 1.4 %

Shares of MTD stock opened at $1,258.53 on Tuesday. The firm has a market capitalization of $26.32 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The firm has a fifty day simple moving average of $1,292.06 and a two-hundred day simple moving average of $1,326.21. Mettler-Toledo International has a 12 month low of $1,142.91 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, equities analysts predict that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the 4th quarter valued at about $33,000. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the 3rd quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. bought a new position in Mettler-Toledo International during the 4th quarter valued at about $44,000. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 17 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $54,000. Institutional investors own 95.07% of the company’s stock.

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.