Mettler-Toledo International (MTD) is Upgraded by BofA/Merrill to Buy

Mettler-Toledo International (MTD) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Mettler-Toledo International. Mettler-Toledo International was Downgraded by Citigroup to ” Neutral” on Jun 23, 2016.

On the company’s financial health, Mettler-Toledo International reported $3.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $3.13. The company had revenue of $608.28 million for the quarter, compared to analysts expectations of $597.28 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS.

Mettler-Toledo International closed down -1.38 points or -0.34% at $408.07 with 1,89,592 shares getting traded on Monday. Post opening the session at $408.68, the shares hit an intraday low of $406.915 and an intraday high of $412.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 30, 2016, Thomas Caratsch (Head of Laboratory) sold 700 shares at $412.50 per share price. According to the SEC, on Aug 22, 2016, William P Donnelly (Executive Vice President) sold 5,033 shares at $402.11 per share price. On Aug 15, 2016, Robert F Spoerry (director) sold 5,400 shares at $405.25 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.

Mettler-Toledo International

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