Thermo Fisher Scientific Inc (TMO) : Currently there are 12 street experts covering Thermo Fisher Scientific Inc (TMO) stock. The most bullish and bearish price target for the stock is $173 and $105 respectively for the short term. The average price target of all the analysts comes to $160.25. The estimated standard deviation from the target is $18.19.
The short interest in Thermo Fisher Scientific Inc (TMO) has increased from 4,562,841 on June 15,2016 to 5,108,524 on June 30,2016. The change was measured at 545,683 shares or 12%. The leftover shorts were 1.3% of the floated shares. The days to cover are 3, given the average daily volume of 1,812,924 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Jefferies downgrades its outlook on Thermo Fisher Scientific Inc (NYSE:TMO). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on April 29, 2016.
Thermo Fisher Scientific Inc (NYSE:TMO): stock turned positive on Thursday. Though the stock opened at $156.6, the bulls momentum made the stock top out at $158.07 level for the day. The stock recorded a low of $155.7047 and closed the trading day at $157.73, in the green by 1.89%. The total traded volume for the day was 2,033,491. The stock had closed at $154.8 in the previous days trading.
Thermo Fisher Scientific Inc. is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, provides instruments, consumables, software and services that are used in the laboratory; Specialty Diagnostics, offers diagnostic test kits, reagents, culture media, instruments and associated products, and Laboratory Products and Services, offers self-manufactured and sourced products for the laboratory.