For its third fiscal quarter (ending September 30), Thermo Fisher Scientific Inc (NYSE: TMO) has reported E.P.S. of $4.26 compared to $4.44 a year ago. E.P.S. were $16.01 for the latest four quarters through September 30 versus $15.34 for the same period a year ago.
Recent Price Action
Thermo Fisher Scientific Inc (NYSE: TMO) stock closed at $576.49 on 10/23/24 after a modest decline of -1.7%. Moreover, trading volume in this decline was unusually high at 172% of normal. The stock has performed in line with the market over the last nine months and has declined -4.0% during the last week.
Current PriceTarget Research Rating
TMO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Thermo Fisher Scientific has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Thermo Fisher Scientific has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 56, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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