A share price of Thermo Fisher Scientific Inc [TMO] is currently trading at $516.18, down -2.39%. 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 lost -3.40% over the last week, with a monthly amount glided 2.97%, and 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.
Thermo Fisher Scientific Inc experienced fluctuations in its stock price throughout the past year between $493.30 and $627.88. Currently, Wall Street analysts expect the stock to reach $640.88 within the next 12 months. Thermo Fisher Scientific Inc [NYSE: TMO] shares were valued at $516.18 at the most recent close of the market. An investor can expect a potential return of 24.16% based on the average TMO price forecast.
Analyzing the TMO fundamentals
Trailing Twelve Months sales for Thermo Fisher Scientific Inc [NYSE:TMO] were 42.37B which represents 0.23% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.72.
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 510.27 points at the first support level, and at 504.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 527.71, and for the 2nd resistance point, it is at 539.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Thermo Fisher Scientific Inc [NYSE:TMO] is 1.63. Further, the Quick Ratio stands at 1.26, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 4.66, the price to book ratio is 4.03 and price to earnings (TTM) ratio is 32.37.
Transactions by insiders
Recent insider trading involved CASPER MARC N, Chairman & CEO, that happened on Dec 03 ’24 when 10000.0 shares were sold. Chairman & CEO, CASPER MARC N completed a deal on Dec 02 ’24 to sell 10000.0 shares. Meanwhile, Officer CASPER MARC N bought 10000.0 shares on Dec 03 ’24.
