UBS Cuts Price Target and Estimates on Mettler-Toledo (MTD); Second Half Looks Challenging
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Price: $221.97 -0.04%
Rating Summary:
6 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
6 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | 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.
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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.
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