Thermo Fisher Scientific Inc. [NYSE: TMO] gained 3.44% or 19.77 points to close at $594.50 with a heavy trading volume of 3624360 shares.
The daily chart for TMO points out that the company has recorded 10.09% gains over the past six months.
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If we look at the average trading volume of 1.51M shares, TMO reached to a volume of 3624360 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Thermo Fisher Scientific Inc. [TMO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TMO shares is $630.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TMO stock is a recommendation set at 1.64. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Thermo Fisher Scientific Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 03, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on March 18, 2024, representing the official price target for Thermo Fisher Scientific Inc. stock. Previously, the target price had yet another raise from $475 to $555, while Barclays kept a Equal Weight rating on TMO stock.
The Average True Range (ATR) for Thermo Fisher Scientific Inc. is set at 13.80, with the Price to Sales ratio for TMO stock in the period of the last 12 months amounting to 5.36. The Price to Book ratio for the last quarter was 4.99, with the Price to Cash per share for the same quarter was set at 23.11. Price to Free Cash Flow for TMO in the course of the last twelve months was 28.50 with Quick ratio for the last quarter at 1.37.
Trading performance analysis for TMO stock
Thermo Fisher Scientific Inc. [TMO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.97. With this latest performance, TMO shares gained by 6.82% in over the last four-week period, additionally plugging by 10.09% over the last 6 months – not to mention a rise of 4.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TMO stock in for the last two-week period is set at 68.48, with the RSI for the last a single of trading hit 75.50, and the three-weeks RSI is set at 63.54 for Thermo Fisher Scientific Inc. [TMO]. The present Moving Average for the last 50 days of trading for this stock 564.85, while it was recorded at 560.45 for the last single week of trading, and 540.83 for the last 200 days.
Thermo Fisher Scientific Inc. [TMO]: A deeper dive into fundamental analysis
Thermo Fisher Scientific Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 1.72.
Thermo Fisher Scientific Inc. [TMO]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TMO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Thermo Fisher Scientific Inc. go to 6.83%.
An analysis of Institutional ownership at Thermo Fisher Scientific Inc. [TMO]
The top three institutional holders of TMO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in TMO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in TMO stock with ownership which is approximately 5.1238%.
