Analyst Price Target Update on Thermo Fisher Scientific Inc (NYSE:TMO)

Thermo Fisher Scientific Inc (NYSE:TMO): 12 analysts have set the short term price target of Thermo Fisher Scientific Inc (NYSE:TMO) at $160.25. The standard deviation of short term price target has been estimated at $18.19, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 173 and $105 respectively.

Many analysts have stated their opinion on the company shares. Jefferies downgrades its view on Thermo Fisher Scientific Inc (NYSE:TMO) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on April 29, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Manzi Jim P, director of Thermo Fisher Scientific Inc., had unloaded 1,137 shares at an average price of $153 in a transaction dated on June 3, 2016. The total value of the transaction was worth $173,961.

Thermo Fisher Scientific Inc (NYSE:TMO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.13 points or 0.75% at $150.52 with 956,772 shares getting traded. Post opening the session at $151.5, the shares hit an intraday low of $150.44 and an intraday high of $152.34 and the price was in this range throughout the day. The company has a market cap of $59,231 million and the number of outstanding shares have been calculated to be 393,512,230 shares. The 52-week high of Thermo Fisher Scientific Inc (NYSE:TMO) is $154.81 and the 52-week low is $117.1.

Thermo Fisher Scientific Inc. is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, provides instruments, consumables, software and services that are used in the laboratory; Specialty Diagnostics, offers diagnostic test kits, reagents, culture media, instruments and associated products, and Laboratory Products and Services, offers self-manufactured and sourced products for the laboratory.

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