Mettler-Toledo International MTD has had mixed performance with several occasions of underperforming compared to its competitors. However, the company has shown a decent
100% return over the last five years, pleasing its investors. Recent transactions include shares being sold by Vontobel Holding Ltd., Simplicity Wealth LLC, and Axa S.A., while Sanctuary Advisors LLC and APG Asset Management N.V. increased their holdings. Despite some declines, the company's Q1 and Q2 earnings managed to surpass estimates, although its revenue fell year on year. The company's Q2 profit also increased, beating estimates.
Evercore ISI gave the company a new price target of $1,450.00. However, the company faces challenges, especially given its weak demand in China, which led to
a dull forecast for the third-quarter profit. Its second quarter 2024 earnings per share of $10.37 beat estimates, but revenue of $946.8 million missed expectations. Lastly, Wolfgang Wienand is set to join the company's board of directors.
Mettler-Toledo International MTD News Analytics from Thu, 19 Jul 2018 16:18:51 GMT to Thu, 17 Oct 2024 20:30:00 GMT -
Rating -4
- Innovation 0
- Information 5
- Rumor -2
