Auriga Maintains a 'Buy' on Mettler-Toledo (MTD); Well Positioned Within End Markets
Tweet
Share
E-mailGet Alerts MTD Hot Sheet
Price: $1,235.37 --0%
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Join SI Premium – FREE
Auriga maintains a 'Buy' on Mettler-Toledo (NYSE: MTD) price target of $185.00.
Auriga analyst says, "MTD reported 4Q11 revenues and EPS that topped our and consensus estimates despite difficult Y/Y comps (4Q10 was +15%). MTD posted 8% local currency growth (+9% reported) driven by solid results in Asia (+16% despite a tough comp), strength within Industrial (+14%), and market share gains. MTD noted the demand was broad based and they continue to see no signs of an imminent downturn. Despite the uncertain economic outlook, MTD raised its 2012 outlook as underlying demands appear stable and continues to grow faster than the underlying markets. MTD increased 2012 EPS guidance to $9.20 to $9.50 (up from $9.00 to $9.30); MTD tends to be conservative on guidance. Overall, we continue to believe MTD is well positioned within its end markets, while its marketing efforts and product mix leave it well positioned to gain share."
For an analyst ratings summary and ratings history on Mettler-Toledo click here. For more ratings news on Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $183.28 yesterday.
Auriga analyst says, "MTD reported 4Q11 revenues and EPS that topped our and consensus estimates despite difficult Y/Y comps (4Q10 was +15%). MTD posted 8% local currency growth (+9% reported) driven by solid results in Asia (+16% despite a tough comp), strength within Industrial (+14%), and market share gains. MTD noted the demand was broad based and they continue to see no signs of an imminent downturn. Despite the uncertain economic outlook, MTD raised its 2012 outlook as underlying demands appear stable and continues to grow faster than the underlying markets. MTD increased 2012 EPS guidance to $9.20 to $9.50 (up from $9.00 to $9.30); MTD tends to be conservative on guidance. Overall, we continue to believe MTD is well positioned within its end markets, while its marketing efforts and product mix leave it well positioned to gain share."
For an analyst ratings summary and ratings history on Mettler-Toledo click here. For more ratings news on Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $183.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Temenos AG (TEMN:SW) (TMSNY) PT Lowered to CHF65 at Citi
- Atlas Copco AB (ATCOA:SS) (ATLKY) PT Raised to SEK150 at RBC Capital
- Chipotle Mexican Grill (CMG) PT Raised to $3,300 at Oppenheimer
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
AurigaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
