Thermo Fisher Scientific Price Target Increased to $110.00 by Analysts at Jefferies Group (TMO)
Stock analysts at Jefferies Group lifted their target price on shares of Thermo Fisher Scientific (NYSE:TMO) from $102.00 to $110.00 in a report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 13.37% from the company’s current price.
TMO has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald raised their price target on shares of Thermo Fisher Scientific from $100.00 to $112.00 in a research note to investors on Thursday. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Thermo Fisher Scientific from $89.00 to $94.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Thermo Fisher Scientific 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Thermo Fisher Scientific presently has an average rating of “Buy” and an average target price of $93.97.
Thermo Fisher Scientific (NYSE:TMO) traded down 0.46% on Thursday, hitting $97.03. 1,732,709 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 $90.87 and its 200-day moving average is $84.58. The company has a market cap of $34.981 billion and a price-to-earnings ratio of 27.62.
Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.02. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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