Thermo Fisher Scientific Receives Average Recommendation of “Buy” from Brokerages (NYSE:TMO)
Shares of Thermo Fisher Scientific (NYSE:TMO) have received a consensus rating of “Buy” from the fifteen analysts that are presently covering the company, StockRatingsNetwork reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $134.69.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded down 0.21% during mid-day trading on Wednesday, hitting $120.46. 223,367 shares of the company’s stock traded hands. Thermo Fisher Scientific has a 52-week low of $88.13 and a 52-week high of $127.63. The stock’s 50-day moving average is $121.1 and its 200-day moving average is $119.9. The company has a market cap of $48.106 billion and a P/E ratio of 31.38.
Thermo Fisher Scientific (NYSE:TMO) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.25 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. On average, analysts predict that Thermo Fisher Scientific will post $6.94 earnings per share for the current fiscal year.
TMO has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Thermo Fisher Scientific in a research note on Monday, August 11th. They set a “buy” rating and a $150.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Thermo Fisher Scientific in a research note on Thursday, August 7th. They now have a $126.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Thermo Fisher Scientific in a research note on Thursday, July 24th. They now have a $135.00 price target on the stock, up previously from $130.00.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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