Thermo Fisher Scientific Given New $94.00 Price Target at Goldman Sachs Group Inc. (TMO)
Goldman Sachs Group Inc. raised their price objective on shares of Thermo Fisher Scientific (NYSE:TMO) from $89.00 to $94.00 in a research note issued on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 1.06% from the company’s current price.
In other Thermo Fisher Scientific news, EVP Alan Malus sold 4,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $91.87, for a total value of $367,480.00. Following the sale, the executive vice president now directly owns 138,360 shares of the company’s stock, valued at approximately $12,711,133. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho raised their price target on shares of Thermo Fisher Scientific (NYSE:TMO) from $100.00 to $110.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Thermo Fisher Scientific presently has a consensus rating of “Buy” and a consensus target price of $92.63.
Thermo Fisher Scientific (NYSE:TMO) remained flat at $93.01 during during mid-day trading trading on Friday. 1,124,156 shares of the company’s stock traded hands. Thermo Fisher Scientific has a one year low of $57.21 and a one year high of $94.74. The stock’s 50-day moving average is $91.34 and its 200-day moving average is $85.73. The company has a market cap of $33.532 billion and a P/E ratio of 26.36.
Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.22 earnings per share. Thermo Fisher Scientific’s revenue was up 4.2% compared to the same quarter last year.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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