Somewhat Favorable Press Coverage Somewhat Likely to Effect Mettler-Toledo International (MTD) Shares Price

Somewhat Favorable Press Coverage Somewhat Likely to Effect Mettler-Toledo International (MTD) Shares Price

News coverage about Mettler-Toledo International (NYSE:MTD) has trended somewhat positive on Friday, Alpha One Sentiment Analysis reports. The research group, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One 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 news impact score of 0.01 on Alpha One’s scale. Alpha One also gave headlines about the medical instruments supplier an impact score of 56 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.

These are some of the news headlines that may have effected Alpha One’s scoring:

A number of equities analysts have recently issued reports on MTD shares. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $538.00 target price on the stock in a report on Wednesday, April 12th. Finally, Bank of America Corp raised their target price on Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $498.60.

Shares of Mettler-Toledo International (MTD) traded up 1.40% during trading on Friday, reaching $597.12. The company had a trading volume of 147,322 shares. The company’s 50 day moving average is $536.71 and its 200-day moving average is $469.16. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 38.96 and a beta of 1.14. Mettler-Toledo International has a 1-year low of $343.61 and a 1-year high of $598.51.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a net margin of 15.32% and a return on equity of 81.17%. The business had revenue of $594.57 million for the quarter, compared to analyst estimates of $571.30 million. During the same period in the prior year, the company posted $2.46 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Mettler-Toledo International will post $17.19 earnings per share for the current year.

In related news, Director Wah-Hui Chu sold 500 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $575.00, for a total transaction of $287,500.00. Following the completion of the transaction, the director now owns 3,243 shares in the company, valued at approximately $1,864,725. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Francis A. Contino sold 725 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $546.00, for a total transaction of $395,850.00. Following the transaction, the director now owns 2,234 shares of the company’s stock, valued at approximately $1,219,764. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,353 shares of company stock worth $27,801,443. Corporate insiders own 5.60% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MTD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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