A share price of Thermo Fisher Scientific Inc. [TMO] is currently trading at $611.90, up 0.90%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TMO shares have gain 0.25% over the last week, with a monthly amount glided 2.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Thermo Fisher Scientific Inc. [NYSE: TMO] stock has seen the most recent analyst activity on August 28, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $670. Barclays downgraded its rating to a Equal Weight and increased its price target to $555 on January 24, 2024. Bernstein downgraded its rating to a Mkt Perform. HSBC Securities started tracking with a Buy rating for this stock on December 18, 2023, and assigned it a price target of $610. In a note dated December 13, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $575 on this stock.
Thermo Fisher Scientific Inc. experienced fluctuations in its stock price throughout the past year between $415.60 and $622.30. 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 $611.90 at the most recent close of the market. An investor can expect a potential return of 5.58% based on the average TMO price forecast.
Analyzing the TMO fundamentals
Trailing Twelve Months sales for Thermo Fisher Scientific Inc. [NYSE:TMO] were 42.35B which represents -1.37% decline. 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 606.53 points at the first support level, and at 601.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 614.97, and for the 2nd resistance point, it is at 618.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Thermo Fisher Scientific Inc. [NYSE:TMO] is 1.72. As well, the Quick Ratio is 1.37, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 5.52, the price to book ratio is 4.93 and price to earnings (TTM) ratio is 37.96.
Transactions by insiders
Recent insider trading involved CASPER MARC N, Officer, that happened on Sep 04 ’24 when 10000.0 shares were purchased. Officer, CASPER MARC N completed a deal on Sep 03 ’24 to buy 10000.0 shares. Meanwhile, Chairman & CEO CASPER MARC N sold 10000.0 shares on Jul 31 ’24.
