Mettler-Toledo International Inc
MTD: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$5,351.00 | Gpnrmjn | Jqylftkyd |
Narrow-Moat Mettler-Toledo Delivers Solid Growth; Shares Still Overvalued
Narrow-moat Mettler-Toledo posted solid revenue growth this quarter of 4% (10% on a constant currency basis). Management has reinforced its full-year 2022 revenue guidance. We have made slight adjustments to our near-term assumptions, but our long-term forecasts are unchanged, and we are maintaining our $830 fair value estimate. Shares appear overvalued.