UBS Cuts Price Target and Estimates on Mettler-Toledo (MTD); Second Half Looks Challenging
Tweet Send to a FriendGet Alerts MTD Hot Sheet
Price: $221.00 -1.07%
Rating Summary:
6 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Rating Summary:
6 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Trade MTD Now!
UBS maintains a 'Neutral' on Mettler-Toledo (NYSE: MTD) price target of $165.00 (from $177.00).
Analyst, Daniel Arias, said, "MTD posted local currency (LC) sales growth (6%) in-line w/ guidance of 5-7%, delivered solid operating margin expansion, & beat consensus EPS ($2.15 vs. Street $2.14), but management's outlook on the rest of 2012 has worsened due macro weakening – led by poor performance in Europe. We continue to project double digit EPS growth for the year thanks to new cost cutting measures, but top-line forecasting has become difficult & the high degree of uncertainty will be tough for investors."
FY12 EPS estimate lowered from $9.38 to $9.19 and FY13 from $10.72 to $9.98.
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 $155.07 yesterday, with a 52 week range of $126.10-$190.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Daniel Arias, said, "MTD posted local currency (LC) sales growth (6%) in-line w/ guidance of 5-7%, delivered solid operating margin expansion, & beat consensus EPS ($2.15 vs. Street $2.14), but management's outlook on the rest of 2012 has worsened due macro weakening – led by poor performance in Europe. We continue to project double digit EPS growth for the year thanks to new cost cutting measures, but top-line forecasting has become difficult & the high degree of uncertainty will be tough for investors."
FY12 EPS estimate lowered from $9.38 to $9.19 and FY13 from $10.72 to $9.98.
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 $155.07 yesterday, with a 52 week range of $126.10-$190.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Signs of Solid Q2 at American Eagle (AEO) - Analyst
- Needham & Company Boosts PT on Pandora (P), Sees 23% Upside
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
Login with Facebook
Sign 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!
