At the time of writing, Thermo Fisher Scientific Inc [TMO] stock is trading at $560.79, up 0.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The TMO shares have gain 2.38% over the last week, with a monthly amount drifted -6.36%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Stephens started tracking the stock with Overweight rating on October 01, 2024, and set its price target to $680. On August 28, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $670 on the stock. Barclays downgraded its rating to Equal Weight for this stock on January 24, 2024, and upped its price target to $555. In a note dated January 08, 2024, Bernstein downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Thermo Fisher Scientific Inc fluctuated between $437.26 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 $560.79 at the most recent close of the market. An investor can expect a potential return of 14.57% based on the average TMO price forecast.
Analyzing the TMO fundamentals
According to Thermo Fisher Scientific Inc [NYSE:TMO], the company’s sales were 42.37B for trailing twelve months, which represents an 0.23% jump. 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 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
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 553.43 points at the first support level, and at 546.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 564.97, and for the 2nd resistance point, it is at 569.14.
Ratios To Look Out For
It is important to note that Thermo Fisher Scientific Inc [NYSE:TMO] has a current ratio of 1.63. On the other hand, the Quick Ratio is 1.26, and the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 5.06, the price to book ratio is 4.38 and price to earnings (TTM) ratio is 35.17.
Transactions by insiders
Recent insider trading involved CASPER MARC N, Chairman & CEO, that happened on Nov 01 ’24 when 5850.0 shares were sold. Officer, CASPER MARC N completed a deal on Nov 01 ’24 to buy 5850.0 shares. Meanwhile, Chairman & CEO CASPER MARC N sold 10000.0 shares on Oct 30 ’24.
