Thermo Fisher Scientific Inc (TMO): A Great Stock For Handling Current Market Conditions?

Currently, there are 382.50M common shares owned by the public and among those 381.99M shares have been available to trade.

The company’s stock has a 5-day price change of 0.03% and -11.80% over the past three months. TMO shares are trading -0.34% year to date (YTD), with the 12-month market performance down to -0.01% lower. It has a 12-month low price of $493.30 and touched a high of $627.88 over the same period. TMO has an average intraday trading volume of 1.74 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.40%, -2.34%, and -7.72% respectively.

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Institutional ownership of Thermo Fisher Scientific Inc (NYSE: TMO) shares accounts for 90.14% of the company’s 382.50M shares outstanding.

It has a market capitalization of $202.33B and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 33.17, while the earnings-per-share (ttm) stands at $15.95. The company has a PEG of 5.20 and a Quick Ratio of 1.26 with the debt-to-equity ratio at 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.17% over the week and 1.86% over the month.

Earnings per share for the fiscal year are expected to increase by 0.70%, and 7.71% over the next financial year. EPS should shrink at an annualized rate of 6.38% over the next five years, compared to 16.37% over the past 5-year period.

Stephens was of a view on October 01, 2024 that the stock is Overweight, while Wells Fargo gave the stock Overweight rating on August 28, 2024, issuing a price target of $670. Jefferies on their part issued Buy rating on June 03, 2024.

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