Mettler-Toledo International Inc. (NYSE:MTD) is one of the best performers on the stock market today. At current price of $734.39, the shares have already added 22.35 points (3.14% higher) from its previous close of $712.04. Should you buy or avoid them? The stock sets an active trading volume day with a reported 188703 contracts so far this session. MTD shares had a relatively better volume day versus average trading capacity of 188.78 thousand shares, but with a 23.91 million float and a -0.69% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MTD stock indicates that the average analyst price target is $692.5 per share. This means the stock has a potential decrease of -5.7% from where the MTD share price has been trading recently which is between $709.1 and $721.47.
During the recent trading session for Mettler-Toledo International Inc. (NYSE:MTD), the company witnessed their stock rise $11.38 over a week and surge $20.88 from the price 20 days ago. When compared to their established 52-week high of $873.51, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/07/19. The recent low of $500.74 stood for a -15.93% since 03/01/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.33 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Mettler-Toledo International Inc., the two-week RSI stands at 58.68. This figure suggests that MTD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current MTD readings is similarly very revealing as it has a stochastic reading of 61.95% at this stage. This figure means that MTD share price today is being neutral.
Technical chart claims that Mettler-Toledo International Inc. (MTD) would settle between $719.31/share to $726.57/share level. However, if the stock price goes below the $706.94 mark, then the market for Mettler-Toledo International Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $701.83 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 4.44. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Stifel, assumed coverage of MTD assigning Hold rating, according to their opinion released on November 15. BofA/Merrill analysts again handed out a Neutral recommendation to Mettler-Toledo International Inc. (NYSE:MTD) stock but they lifted target price for the shares in a flash note issued to investors on October 17. The target price has been raised from $830 to $720. Analysts at UBS released an upgrade from Sell to Neutral for the stock, in a research note that dated back to July 23.
MTD equity has an average rating of 2.35, with the figure leaning towards a bullish end. 10 analysts who tracked the company were contacted by Reuters. Amongst them, 8 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 0 analysts rated Mettler-Toledo International Inc. (NYSE:MTD) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MTD stock price is currently trading at 28.44X forward 12-month Consensus EPS estimates, and its P/E ratio is 32.8 while for the average stock in the same group, the multiple is 46.5. Mettler-Toledo International Inc. current P/B ratio of 39.6 means it is trading at a premium against its industry’s 4.7.
Mettler-Toledo International Inc. (MTD)’s current-quarter revenues are projected to climb by nearly 2.2% to hit $836030, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 2.2% from $2.94 billion to a noteworthy $3 billion. At the other end of the current quarter income statement, Mettler-Toledo International Inc. is expected to see its adjusted earnings surge by roughly 12.4% to hit $7.7 per share. For the fiscal year, MTD’s earnings are projected to climb by roughly 11.6% to hit $22.67 per share.