Deutsche Bank AG set a $226.00 target price on Thermo Fisher Scientific Inc (NYSE:TMO) in a report released on Thursday, October 26th. The brokerage currently has a buy rating on the medical research company’s stock.
Several other brokerages have also recently issued reports on TMO. Leerink Swann raised their target price on Thermo Fisher Scientific from $190.00 to $207.00 and gave the stock an outperform rating in a research report on Monday, October 9th. Zacks Investment Research raised Thermo Fisher Scientific from a hold rating to a buy rating and set a $212.00 price target on the stock in a report on Thursday, September 21st. Bank of America Corporation reissued a buy rating and issued a $210.00 price target (up from $200.00) on shares of Thermo Fisher Scientific in a report on Friday, July 21st. Cowen and Company reissued an outperform rating and issued a $220.00 price target (up from $200.00) on shares of Thermo Fisher Scientific in a report on Sunday, September 10th. Finally, BidaskClub downgraded Thermo Fisher Scientific from a strong-buy rating to a buy rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $205.71.
Shares of Thermo Fisher Scientific (TMO) traded down $5.71 during mid-day trading on Thursday, reaching $186.18. The company had a trading volume of 3,009,200 shares, compared to its average volume of 1,574,792. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.26 and a quick ratio of 0.81. The stock has a market capitalization of $74,657.24, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. Thermo Fisher Scientific has a 12 month low of $139.07 and a 12 month high of $201.20.
Thermo Fisher Scientific (NYSE:TMO) last issued its quarterly earnings results on Wednesday, October 25th. The medical research company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.07. Thermo Fisher Scientific had a return on equity of 15.94% and a net margin of 11.73%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the company earned $2.03 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. research analysts predict that Thermo Fisher Scientific will post 9.36 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, December 14th. Thermo Fisher Scientific’s dividend payout ratio (DPR) is 10.19%.
In other Thermo Fisher Scientific news, VP Peter E. Hornstra sold 3,894 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $185.18, for a total transaction of $721,090.92. Following the transaction, the vice president now owns 19,751 shares in the company, valued at $3,657,490.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jim P. Manzi sold 11,318 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $172.94, for a total value of $1,957,334.92. Following the transaction, the director now owns 38,757 shares in the company, valued at approximately $6,702,635.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,738 shares of company stock worth $4,021,512. 0.49% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TMO. Waldron LP lifted its position in Thermo Fisher Scientific by 48.1% during the first quarter. Waldron LP now owns 4,455 shares of the medical research company’s stock worth $661,000 after buying an additional 1,447 shares in the last quarter. Empire Life Investments Inc. increased its stake in Thermo Fisher Scientific by 132.0% during the first quarter. Empire Life Investments Inc. now owns 52,504 shares of the medical research company’s stock worth $7,861,000 after acquiring an additional 29,875 shares during the last quarter. Norinchukin Bank The increased its stake in Thermo Fisher Scientific by 5.9% during the first quarter. Norinchukin Bank The now owns 25,368 shares of the medical research company’s stock worth $3,897,000 after acquiring an additional 1,404 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Thermo Fisher Scientific during the first quarter worth $6,512,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in Thermo Fisher Scientific by 46.5% during the first quarter. Campbell & CO Investment Adviser LLC now owns 3,498 shares of the medical research company’s stock worth $537,000 after acquiring an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. The Company provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. It operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.
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