The Mettler-Toledo International Inc. (MTD) shares are trading at lower $772.30 and the avg recommendation for the stock is Hold. The current analyst price target stands at $744.11.
To add more color to this target, the company’s high over the last year is $873.51 and the low is $579.40. Over the last 52 weeks, MTD is down -11.59% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MTD reported a profit of $374.41 million. Mettler-Toledo International Inc. also saw revenues increase to $649.16 million. In addition, MTD has free cash flow of $46.68 million as of 03-2020 The company’s EBITDA came in at $151.41 million which compares well with its peers.
MTD booked profit margins of 18.40%, its Return on Equity (ROE) is 131.20%, and its Return on Assets is 20.00%. All told, it is clear that, MTD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MTD has a short ratio of 4.04 and outstanding shares of 24.03M.
MTD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.14 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 22.13. Mettler-Toledo International Inc. MTD also noted assets of $2.89 billion at the end of the last quarter. Investors should also keep an eye on sector updates as MTD has historically followed its peers on positive news.
All told, Mettler-Toledo International Inc. MTD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MTD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Mettler-Toledo International Inc. MTD is now commanding a market cap of 18.77B and a float of 23.47M. MTD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MTD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MTD, either long or short, and we have not been compensated for this article.