Thermo Fisher Scientific Price Target Increased to $110.00 by Analysts at Mizuho (TMO)
Equities research analysts at Mizuho lifted their price target on shares of Thermo Fisher Scientific (NYSE:TMO) from $100.00 to $110.00 in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Mizuho’s target price suggests a potential upside of 20.73% from the company’s current price.
A number of other analysts have also recently weighed in on TMO. Analysts at Zacks reiterated a “neutral” rating on shares of Thermo Fisher Scientific (NYSE:TMO) in a research note to investors on Thursday, September 5th. They now have a $95.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Thermo Fisher Scientific (NYSE:TMO) in a research note to investors on Thursday, August 15th. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Thermo Fisher Scientific (NYSE:TMO) from $95.00 to $102.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock.
Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $91.03.
Thermo Fisher Scientific (NYSE:TMO) traded down 0.18% during mid-day trading on Tuesday, hitting $90.945. 1,193,279 shares of the company’s stock traded hands. Thermo Fisher Scientific has a 52 week low of $57.21 and a 52 week high of $92.72. The stock’s 50-day moving average is $90.81 and its 200-day moving average is $84.13. The company has a market cap of $32.787 billion and a P/E ratio of 25.82.
Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.02. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Thermo Fisher Scientific will post $5.35 earnings per share for the current fiscal year.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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