Thermo Fisher Scientific Given Average Rating of “Buy” by Brokerages (NYSE:TMO)
Shares of Thermo Fisher Scientific (NYSE:TMO) have been given a consensus recommendation of “Buy” by the fifteen analysts that are currently covering the company, American Banking News.com reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $134.69.
Shares of Thermo Fisher Scientific (NYSE:TMO) opened at 120.21 on Wednesday. Thermo Fisher Scientific has a 1-year low of $89.41 and a 1-year high of $127.63. The stock’s 50-day moving average is $121.3 and its 200-day moving average is $119.9. The company has a market cap of $48.006 billion and a price-to-earnings ratio of 31.21.
Thermo Fisher Scientific (NYSE:TMO) last announced its earnings results on Wednesday, July 23rd. The company reported $1.72 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 33.4% on a year-over-year basis. Analysts expect that Thermo Fisher Scientific will post $6.94 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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.
In other Thermo Fisher Scientific news, EVP Alan J. Malus sold 13,115 shares of Thermo Fisher Scientific stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $120.61, for a total value of $1,581,800.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Thermo Fisher Scientific Inc (NYSE:TMO) is engaged in serving science.
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