Thermo Fisher Scientific Inc (TMO) : Analyst Rating Update

Thermo Fisher Scientific Inc (TMO) : The consensus on Thermo Fisher Scientific Inc (TMO) based on 16 analyst recommendation on the company stock is 1.41, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Thermo Fisher Scientific Inc (TMO) : 12 Wall Street analysts covering Thermo Fisher Scientific Inc (TMO) believe that the average level the stock could reach for the short term is $160.25. The maximum price target given is $173 and the minimum target for short term is around $105, hence the standard deviation is calculated at $18.19.

Thermo Fisher Scientific Inc (NYSE:TMO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $146.40 and $145.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $149.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $149.11, notching a gain of 1.26% for the day. The total traded volume was 1,869,359 . The stock had closed at $147.25 on the previous day.

Also, Major Brokerage house, Jefferies downgrades its ratings on Thermo Fisher Scientific Inc (NYSE:TMO). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 29, 2016. The company shares have rallied 14.86% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $154.81 and the one year low was seen on Sep 28, 2015. The 50-Day Moving Average price is $149.56 and the 200 Day Moving Average price is recorded at $141.07.

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.

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