Analysts at ISI Group upped their price target on shares of Thermo Fisher Scientific (NYSE:TMO) from $96.50 to $101.50 in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. ISI Group’s target price indicates a potential upside of 13.38% from the stock’s previous close.
Shares of Thermo Fisher Scientific (NYSE: TMO) traded up 1.74% during mid-day trading on Wednesday, hitting $91.08. Thermo Fisher Scientific has a 52 week low of $51.09 and a 52 week high of $90.36. The stock’s 50-day moving average is currently $86.10. The company has a market cap of $32.691 billion and a P/E ratio of 26.43.
Thermo Fisher Scientific (NYSE:TMO) last announced its earnings results on Wednesday, July 24th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.02. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Thermo Fisher Scientific has set its FY13 guidance at $5.29-5.39 EPS. Analysts expect that Thermo Fisher Scientific will post $5.34 EPS for the current fiscal year.
TMO has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Thermo Fisher Scientific in a research note to investors on Monday, July 15th.
Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Thermo Fisher Scientific presently has an average rating of “Buy” and an average target price of $89.03.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, September 12th.
Thermo Fisher Scientific Inc (NYSE: TMO) is engaged in serving science.