Thermo Fisher Scientific Inc [NYSE: TMO] closed the trading session at $525.00.
The stocks have a year to date performance of -1.09 percent and weekly performance of 0.79 percent. The stock has been moved at -8.32 percent over the last six months. The stock has performed -2.91 percent around the most recent 30 days and changed -14.10 percent over the most recent 3-months.
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If compared to the average trading volume of 1.63M shares, TMO reached to a volume of 2537433 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $659.44 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 1.47. 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.
Redburn Atlantic have made an estimate for Thermo Fisher Scientific Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on October 01, 2024, representing the official price target for Thermo Fisher Scientific Inc stock. Previously, the target price had yet another raise to $670, while Wells Fargo analysts kept a Overweight rating on TMO stock.
The Average True Range (ATR) for Thermo Fisher Scientific Inc is set at 10.54, with the Price to Sales ratio for TMO stock in the period of the last 12 months amounting to 4.74. The Price to Book ratio for the last quarter was 4.10, with the Price to Cash per share for the same quarter was set at 17.40. Price to Free Cash Flow for TMO in the course of the last twelve months was 25.83 with Quick ratio for the last quarter at 1.26.
TMO stock trade performance evaluation
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 0.79. With this latest performance, TMO shares dropped by -2.91% in over the last four-week period, additionally sinking by -8.32% over the last 6 months – not to mention a rise of 5.56% 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 43.13, with the RSI for the last a single of trading hit 44.42, and the three-weeks RSI is set at 41.85 for Thermo Fisher Scientific Inc [TMO]. The present Moving Average for the last 50 days of trading for this stock 553.44, while it was recorded at 532.36 for the last single week of trading, and 575.73 for the last 200 days.
Thermo Fisher Scientific Inc [TMO]: An insightful look at the core fundamentals
Thermo Fisher Scientific Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 1.63.
Earnings per share (EPS) analysis for Thermo Fisher Scientific Inc [TMO] stock
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 6.87%.
Thermo Fisher Scientific Inc [TMO]: Institutional Ownership
There are presently around $90.95%, or 91.11%% of TMO stock, in the hands of institutional investors. The top three institutional holders of TMO stocks are: VANGUARD GROUP INC with ownership of 32.73 million shares, which is approximately 8.5678%. BLACKROCK INC., holding 29.53 million shares of the stock with an approximate value of $$16.33 billion in TMO stocks shares; and BLACKROCK INC., currently with $$8.96 billion in TMO stock with ownership which is approximately 4.2393%.
