Thermo Fisher Scientific Inc. [TMO] stock prices are down -0.98% to $615.69 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TMO shares have gain 1.41% over the last week, with a monthly amount glided 14.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On January 24, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $555 on the stock. Bernstein downgraded its rating to a Mkt Perform. HSBC Securities initiated its recommendation with a Buy and recommended $610 as its price target on December 18, 2023. Wolfe Research started tracking with a Outperform rating for this stock on December 13, 2023, and assigned it a price target of $575. In a note dated October 26, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
The stock price of Thermo Fisher Scientific Inc. [TMO] has been fluctuating between $415.60 and $622.30 over the past year. Currently, Wall Street analysts expect the stock to reach $646.05 within the next 12 months. Thermo Fisher Scientific Inc. [NYSE: TMO] shares were valued at $615.69 at the most recent close of the market. An investor can expect a potential return of 4.93% based on the average TMO price forecast.
Analyzing the TMO fundamentals
The Thermo Fisher Scientific Inc. [NYSE:TMO] reported sales of 42.35B for trailing twelve months, representing a drop of -1.37%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 606.77 points at the first support level, and at 597.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 623.30, and for the 2nd resistance point, it is at 630.92.
Ratios To Look Out For
It’s worth pointing out that Thermo Fisher Scientific Inc. [NYSE:TMO]’s Current Ratio is 1.72. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 5.55, the price to book ratio is 4.96 and price to earnings (TTM) ratio is 38.19.
Transactions by insiders
Recent insider trading involved CASPER MARC N, Officer, that happened on Jul 31 ’24 when 10000.0 shares were purchased. Chairman & CEO, CASPER MARC N completed a deal on Jul 31 ’24 to sell 10000.0 shares. Meanwhile, Officer CASPER MARC N bought 10000.0 shares on Jul 30 ’24.
