Thermo Fisher Scientific PT Raised to $121.50 (TMO)
Research analysts at ISI Group increased their target price on shares of Thermo Fisher Scientific (NYSE:TMO) from $111.00 to $121.50 in a report released on Monday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. ISI Group’s target price points to a potential upside of 10.40% from the company’s current price.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded up 0.23% during mid-day trading on Monday, hitting $110.30. 666,388 shares of the company’s stock traded hands. Thermo Fisher Scientific has a one year low of $65.08 and a one year high of $111.44. The stock has a 50-day moving average of $104.0 and a 200-day moving average of $94.42. The company has a market cap of $39.859 billion and a price-to-earnings ratio of 30.63.
Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Thermo Fisher Scientific will post $5.36 earnings per share for the current fiscal year.
TMO has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Thermo Fisher Scientific in a research note to investors on Monday, October 28th. They now have a $103.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Thermo Fisher Scientific from $102.00 to $110.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Finally, 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, October 24th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $97.84.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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