Somewhat Favorable News Coverage Somewhat Unlikely to Impact Mettler-Toledo International (MTD) Stock Price
Press coverage about Mettler-Toledo International (NYSE:MTD) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mettler-Toledo International earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the medical instruments supplier an impact score of 47.4019291236712 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Mettler-Toledo International Inc. (MTD) Shares Bought by Conning Inc – ExpressNewsline (expressnewsline.com)
- Mettler-Toledo International (MTD) Upgraded to “Buy” at Citigroup (americanbankingnews.com)
- Mettler-Toledo (MTD) Q4 Earnings & Revenues Beat Estimates – Nasdaq (nasdaq.com)
- 3 Stocks to Watch on Friday: Expedia Inc (EXPE), Mettler-Toledo International Inc. (MTD) and Mohawk Industries, Inc … – Investorplace.com (investorplace.com)
- Mettler-Toledo International (MTD) Stock Rating Reaffirmed by Robert W. Baird (americanbankingnews.com)
Several analysts recently weighed in on MTD shares. Robert W. Baird upped their price objective on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Barclays started coverage on Mettler-Toledo International in a research report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price objective for the company. Morgan Stanley upped their price objective on Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Jefferies Group restated a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $651.44.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.04. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The business had revenue of $778.03 million during the quarter, compared to analysts’ expectations of $764.26 million. During the same quarter in the prior year, the firm earned $5.28 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities analysts forecast that Mettler-Toledo International will post 20.1 earnings per share for the current fiscal year.
In other news, Director Richard D. Francis bought 160 shares of the stock in a transaction on Friday, November 17th. The stock was acquired at an average price of $627.91 per share, with a total value of $100,465.60. Following the acquisition, the director now directly owns 254 shares in the company, valued at $159,489.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Simon Kirk sold 4,726 shares of the company’s stock in a transaction dated 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 ninety days, insiders sold 26,359 shares of company stock valued at $16,640,760. Insiders own 5.20% of the company’s stock.
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About Mettler-Toledo International
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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