Thermo Fisher Scientific Inc. Hits New 52-Week High at $114.89 (TMO)
Shares of Thermo Fisher Scientific (NYSE:TMO) hit a new 52-week high during trading hours on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $114.89 and last traded at $114.70, with a volume of 1,437,776 shares trading hands. The stock had previously closed at $112.99.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Thermo Fisher Scientific from $107.00 to $127.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Thermo Fisher Scientific in a research note to investors on Monday, January 6th. They now have a $128.00 price target on the stock, up previously from $119.00. Finally, 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, January 6th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $99.47.
Thermo Fisher Scientific has a 1-year low of $67.28 and a 1-year high of $114.89. The stock has a 50-day moving average of $106.5 and a 200-day moving average of $96.08. The company has a market cap of $41.470 billion and a P/E ratio of 31.45.
Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.30 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.19 earnings per share. Thermo Fisher Scientific’s revenue was up 3.4% compared to the same quarter last year. 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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