Analyst Rating Update on Thermo Fisher Scientific Inc (TMO)

Thermo Fisher Scientific Inc (NYSE:TMO) : 16 analysts are covering Thermo Fisher Scientific Inc (NYSE:TMO) and their average rating on the stock is 1.41, which is read as a Strong Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Thermo Fisher Scientific Inc (NYSE:TMO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Thermo Fisher Scientific Inc (NYSE:TMO) stock is expected to deviate a maximum of $18.19 from the average target price of $160.25 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $173 and the most muted being $105.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Jefferies downgrades its rating on Thermo Fisher Scientific Inc (NYSE:TMO).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 29, 2016.

Thermo Fisher Scientific Inc (NYSE:TMO): stock turned positive on Tuesday. Though the stock opened at $142.37, the bulls momentum made the stock top out at $143.2722 level for the day. The stock recorded a low of $141.5 and closed the trading day at $143.15, in the green by 1.58%. The total traded volume for the day was 2,075,077. The stock had closed at $140.93 in the previous days trading.

In an insider trading activity, Shine Daniel P, officer (Senior Vice President) of Thermo Fisher Scientific Inc., unloaded 6,900 shares at an average price of $148.34 on June 15, 2016. The total amount of the transaction was worth $1,023,546, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *