Thermo Fisher Scientific Given New $127.00 Price Target at UBS AG (TMO)
Stock analysts at UBS AG upped their price target on shares of Thermo Fisher Scientific (NYSE:TMO) from $107.00 to $127.00 in a report issued on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 11.40% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Thermo Fisher Scientific in a research note to investors on Monday. They now have a $128.00 price target on the stock, up previously from $119.00. Separately, analysts at ISI Group raised their price target on shares of Thermo Fisher Scientific from $111.00 to $121.50 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $99.47.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded up 0.09% during mid-day trading on Friday, hitting $114.10. 408,874 shares of the company’s stock traded hands. Thermo Fisher Scientific has a 1-year low of $67.00 and a 1-year high of $114.81. The stock’s 50-day moving average is $105.4 and its 200-day moving average is $95.25. The company has a market cap of $41.232 billion and a P/E ratio of 31.73.
Thermo Fisher Scientific (NYSE:TMO) last announced its earnings results 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 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.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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