Mettler-Toledo International Inc
MTD: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$1,163.00 | Qjvklx | Jhypgbxck |
Mettler's Impressive Growth and Margin Expansion Deliver Strong Q1; Maintain Fair Value Estimate
Narrow-moat Mettler-Toledo had unexpectedly strong growth in the first quarter, with reported sales rising 12% (14% on a constant-currency basis). It saw some margin improvement as well. We maintain our $770 fair value estimate and believe the shares remain overvalued despite recent declines.