Mettler-Toledo Receives a New Rating from Top Analyst

By Ryan Adsit

In a report released today, Brandon Couillard from Jefferies reiterated a Hold rating on Mettler-Toledo (NYSE: MTD), with a price target of $550. The company’s shares opened today at $594.54, close to its 52-week high of $604.99.

According to TipRanks.com, Couillard is a top 25 analyst with an average return of 23.2% and a 78.2% success rate. Couillard covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, Orasure Technologies, and DENTSPLY SIRONA Inc.

Mettler-Toledo has an analyst consensus of Hold, with a price target consensus of $550.

Mettler-Toledo’s market cap is currently $15.17B and has a P/E ratio of 38.75. The company has a book value ratio of 34.9172.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Last month, Wah-Hui Chu, a Director at MTD sold 500 shares for a total of $287,500.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mettler-Toledo International, Inc. manufactures and markets precision instruments for use in laboratory, industrial and food retailing applications. It also provides 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. Mettler-Toledo also supplies 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 U.S. Operations segment represents certain of the company’s marketing and producing organizations located in the United States. The Western European Operations segment includes marketing and producing organizations in Western Europe, excluding operations located in Switzerland. The Swiss Operations segment includes marketing and producing organizations located in Switzerland as well as extensive R&D operations that are responsible for the development, production and marketing of precision instruments, including weighing, analytical and measurement technologies for use in a variety of industrial and laboratory applications. The Chinese Operations segment represents marketing and producing organizations located in China. Its market organizations are geographically focused and are responsible for all aspects of the company’s sales and service. The Operating segments that exist outside these reportable segments are included in other segment. Mettler-Toledo International was founded in 1991 and is headquartered in Columbus, OH.