At the time of writing, Thermo Fisher Scientific Inc. [TMO] stock is trading at $612.72, down -0.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TMO shares have gain 2.16% over the last week, with a monthly amount glided 1.04%, 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 October 01, 2024, when Stephens initiated its Overweight rating and assigned the stock a price target of $680. Previously, Wells Fargo started tracking the stock with Overweight rating on August 28, 2024, and set its price target to $670. Barclays downgraded its rating to a Equal Weight and raised its price target to $555 on January 24, 2024. Bernstein downgraded its rating to Mkt Perform for this stock on January 08, 2024. In a note dated December 18, 2023, HSBC Securities initiated an Buy rating and provided a target price of $610 on this stock.
For the past year, the stock price of Thermo Fisher Scientific Inc. fluctuated between $415.60 and $627.88. Currently, Wall Street analysts expect the stock to reach $642.48 within the next 12 months. Thermo Fisher Scientific Inc. [NYSE: TMO] shares were valued at $612.72 at the most recent close of the market. An investor can expect a potential return of 4.86% based on the average TMO price forecast.
Analyzing the TMO fundamentals
According to Thermo Fisher Scientific Inc. [NYSE:TMO], the company’s sales were 42.35B for trailing twelve months, which represents an -1.37% plunge. 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 606.51 points at the first support level, and at 600.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 617.75, and for the 2nd resistance point, it is at 622.78.
Ratios To Look Out For
It is important to note that Thermo Fisher Scientific Inc. [NYSE:TMO] has a current ratio of 1.72. Further, the Quick Ratio stands at 1.37, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 5.53, the price to book ratio is 4.93 and price to earnings (TTM) ratio is 38.01.
Transactions by insiders
Recent insider trading involved CASPER MARC N, Chairman & CEO, that happened on Sep 03 ’24 when 10000.0 shares were sold. Chairman & CEO, CASPER MARC N completed a deal on Sep 04 ’24 to sell 10000.0 shares. Meanwhile, Officer CASPER MARC N bought 10000.0 shares on Sep 04 ’24.
