UBS Downgrades Mettler-Toledo International to Neutral with Price Target $415.00

Brokerage firm UBS Downgrades its rating on Mettler-Toledo International(NYSE:MTD). In a research note issued to the investors, the brokerage major Raises the price-target to $415.00 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Aug 5, 2016.

In a different note, On Jul 29, 2016, JP Morgan said it Maintains its rating on Mettler-Toledo International. In the research note, the firm Raises the price-target to $350.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 23, 2016, Citigroup said it Downgrades its rating on Mettler-Toledo International. In the research note, the firm Raises the price-target to $382.00 per share. The shares have been rated ‘Neutral’ by the firm.

Mettler-Toledo International (MTD) made into the market gainers list on Wednesdays trading session with the shares advancing 0.31% or 1.24 points. Due to strong positive momentum, the stock ended at $401.1, which is also near the day’s high of $402.62. The stock began the session at $400.84 and the volume stood at 1,02,556 shares. The 52-week high of the shares is $416.75 and the 52 week low is $275.3. The company has a current market capitalization of $10,625 M and it has 2,64,89,610 shares in outstanding.

Mettler-Toledo International(MTD) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $608.29M. Analysts had an estimated revenue of $597.91M. Earnings per share were $3.22. Analysts had estimated an EPS of $3.10.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Oliver A Filliol (President and CEO) sold 10,000 shares at $399.13 per share price.Also, On Aug 4, 2016, Simon Kirk (Head of Product Inspection) sold 3,218 shares at $405.01 per share price.On Aug 3, 2016, Thomas P Salice (director) sold 460 shares at $414.03 per share price, according to the Form-4 filing with the securities and exchange commission.

Mettler-Toledo International Inc. is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory industrial 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 it is also a supplier of end-of-line inspection systems used in production and packaging for food pharmaceutical and other industries. The Company operates through five segments: U.S. Operations Swiss Operations Western European Operations Chinese Operations and Other. The Company’s products include laboratory instruments industrial instruments and retail weighing solutions. The Company’s manufacturing facilities are located in China Switzerland the United States Germany and the United Kingdom.

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