Thermo Fisher Scientific Inc (NYSE: TMO) has reported E.P.S. of $3.47 for its first fiscal quarter (ending March 31) versus $3.34 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $15.66 compared to $15.44 a year ago.
Recent Price Action
Thermo Fisher Scientific Inc (NYSE: TMO) stock closed at $577.39 on 4/24/24 after a modest gain of 0.5%. Moreover, unusually high trading volume at 151% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TMO is expected to continue to be a major Value Builder.
Thermo Fisher Scientific has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Thermo Fisher Scientific has a slightly negative Appreciation Score of 34 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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