Thermo Fisher Scientific Director Sells $2,057,940 in Stock (TMO)
Thermo Fisher Scientific (NYSE:TMO) Director William G. Parrett sold 18,000 shares of Thermo Fisher Scientific stock on the open market in a transaction dated Thursday, February 6th. The shares were sold at an average price of $114.33, for a total value of $2,057,940.00. Following the completion of the sale, the director now directly owns 11,188 shares of the company’s stock, valued at approximately $1,279,124. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded up 2.92% during mid-day trading on Friday, hitting $117.77. The stock had a trading volume of 3,180,691 shares. Thermo Fisher Scientific has a 52-week low of $71.60 and a 52-week high of $117.68. The stock has a 50-day moving average of $112.4 and a 200-day moving average of $99.05. The company has a market cap of $42.609 billion and a price-to-earnings ratio of 32.84.
Thermo Fisher Scientific (NYSE:TMO) last released its earnings data on Friday, January 31st. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.38 by $0.05. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.31 billion. On average, analysts predict that Thermo Fisher Scientific will post $6.80 earnings per share for the current fiscal year.
TMO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Thermo Fisher Scientific in a research note to investors on Tuesday. They now have a $121.00 price target on the stock. Separately, analysts at Leerink Swann raised their price target on shares of Thermo Fisher Scientific from $107.00 to $130.00 in a research note to investors on Friday, January 31st. They now have an “outperform” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Thermo Fisher Scientific from $128.00 to $136.00 in a research note to investors on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $110.93.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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