Evercore ISI Begins Coverage on Thermo Fisher Scientific (TMO)

Evercore ISI assumed coverage on shares of Thermo Fisher Scientific (NYSE:TMO) in a research report released on Wednesday. The firm issued an outperform rating and a $220.00 price objective on the medical research company’s stock.

A number of other equities research analysts have also recently issued reports on the company. Leerink Swann restated an outperform rating and issued a $200.00 price objective (down from $216.00) on shares of Thermo Fisher Scientific in a research note on Monday, December 4th. Zacks Investment Research upgraded Thermo Fisher Scientific from a hold rating to a buy rating and set a $215.00 price objective on the stock in a research note on Tuesday, October 31st. Deutsche Bank set a $226.00 price objective on Thermo Fisher Scientific and gave the company a buy rating in a research note on Thursday, October 26th. Jefferies Group reiterated a hold rating and set a $195.00 price target on shares of Thermo Fisher Scientific in a research report on Thursday, September 28th. Finally, Goldman Sachs Group assumed coverage on Thermo Fisher Scientific in a research report on Tuesday, September 26th. They set a buy rating and a $225.00 price target on the stock. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Thermo Fisher Scientific has a consensus rating of Buy and a consensus price target of $212.21.

Shares of Thermo Fisher Scientific (NYSE:TMO) opened at $202.39 on Wednesday. Thermo Fisher Scientific has a 52 week low of $140.00 and a 52 week high of $202.65. The stock has a market capitalization of $80,730.00, a PE ratio of 34.36, a P/E/G ratio of 1.60 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.85.

Thermo Fisher Scientific (NYSE:TMO) last announced its quarterly earnings data on Wednesday, October 25th. The medical research company reported $2.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.07. Thermo Fisher Scientific had a return on equity of 15.94% and a net margin of 11.73%. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the business posted $2.03 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. equities analysts anticipate that Thermo Fisher Scientific will post 9.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, December 14th. Thermo Fisher Scientific’s dividend payout ratio is presently 10.19%.

In other news, CEO Marc N. Casper sold 50,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $191.74, for a total transaction of $9,587,000.00. Following the sale, the chief executive officer now directly owns 302,577 shares in the company, valued at $58,016,113.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.49% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Abner Herrman & Brock LLC grew its holdings in shares of Thermo Fisher Scientific by 10.9% during the fourth quarter. Abner Herrman & Brock LLC now owns 32,190 shares of the medical research company’s stock worth $6,112,000 after purchasing an additional 3,159 shares in the last quarter. Washington Trust Bank grew its holdings in shares of Thermo Fisher Scientific by 6.7% during the fourth quarter. Washington Trust Bank now owns 34,032 shares of the medical research company’s stock worth $6,462,000 after purchasing an additional 2,143 shares in the last quarter. Neville Rodie & Shaw Inc. grew its holdings in shares of Thermo Fisher Scientific by 1.6% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 113,255 shares of the medical research company’s stock worth $21,505,000 after purchasing an additional 1,772 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in shares of Thermo Fisher Scientific by 25.6% during the third quarter. Atlantic Trust Group LLC now owns 710,772 shares of the medical research company’s stock worth $134,480,000 after purchasing an additional 144,924 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Thermo Fisher Scientific by 73.6% during the third quarter. AustralianSuper Pty Ltd now owns 689,898 shares of the medical research company’s stock worth $130,529,000 after purchasing an additional 292,398 shares in the last quarter. 86.22% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Thermo Fisher Scientific (NYSE:TMO)

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