Thermo Fisher Scientific’s (NYSE:TMO) Overweight Rating Reaffirmed at Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Thermo Fisher Scientific Inc (NYSE:TMO) in a research report report published on Monday. The firm currently has a $200.00 target price on the medical research company’s stock, up from their previous target price of $190.00.
A number of other research firms have also recently issued reports on TMO. Cantor Fitzgerald started coverage on shares of Thermo Fisher Scientific in a research note on Thursday, May 18th. They issued an overweight rating and a $194.00 price target on the stock. Cowen and Company reissued an outperform rating and issued a $185.00 price target (up previously from $175.00) on shares of Thermo Fisher Scientific in a research note on Saturday, April 29th. Morgan Stanley lifted their price target on shares of Thermo Fisher Scientific from $186.00 to $192.00 and gave the company an overweight rating in a research note on Friday, April 28th. Leerink Swann set a $187.00 price target on shares of Thermo Fisher Scientific and gave the company a buy rating in a research note on Thursday, April 27th. Finally, BidaskClub raised shares of Thermo Fisher Scientific from a buy rating to a strong-buy rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $187.88.
Shares of Thermo Fisher Scientific (NYSE:TMO) traded up 0.13% during trading on Monday, hitting $181.79. 384,553 shares of the company were exchanged. Thermo Fisher Scientific has a 12 month low of $139.07 and a 12 month high of $182.86. The firm’s 50-day moving average price is $176.35 and its 200 day moving average price is $162.18. The firm has a market capitalization of $71.12 billion, a PE ratio of 33.16 and a beta of 1.06.
Thermo Fisher Scientific (NYSE:TMO) last released its quarterly earnings results on Wednesday, April 26th. The medical research company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Thermo Fisher Scientific had a net margin of 11.58% and a return on equity of 15.73%. The firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the company earned $1.80 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that Thermo Fisher Scientific will post $9.23 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.60 annualized dividend and a yield of 0.33%. Thermo Fisher Scientific’s dividend payout ratio (DPR) is presently 10.95%.
In other news, insider Daniel P. Shine sold 4,688 shares of Thermo Fisher Scientific stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $171.88, for a total transaction of $805,773.44. Following the transaction, the insider now owns 29,200 shares in the company, valued at approximately $5,018,896. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas W. Loewald sold 1,532 shares of Thermo Fisher Scientific stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $168.76, for a total value of $258,540.32. Following the transaction, the insider now owns 41,277 shares in the company, valued at approximately $6,965,906.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,720 shares of company stock worth $4,960,764. 0.49% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mizuho Securities USA LLC bought a new position in Thermo Fisher Scientific during the second quarter valued at approximately $6,752,000. Brightworth bought a new position in Thermo Fisher Scientific during the second quarter valued at approximately $209,000. Terra Nova Asset Management LLC raised its position in Thermo Fisher Scientific by 2.8% in the second quarter. Terra Nova Asset Management LLC now owns 4,771 shares of the medical research company’s stock valued at $832,000 after buying an additional 131 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in Thermo Fisher Scientific by 344.9% in the second quarter. Dubuque Bank & Trust Co. now owns 1,535 shares of the medical research company’s stock valued at $268,000 after buying an additional 1,190 shares in the last quarter. Finally, Howard Capital Management bought a new position in Thermo Fisher Scientific during the second quarter valued at approximately $8,264,000. Institutional investors and hedge funds own 86.93% of the company’s stock.
Thermo Fisher Scientific Company Profile
Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. The Company provides analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. It operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services.
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