68.3 F
New York
Wednesday, September 30, 2020

Thermo Fisher Scientific Inc. (NYSE:TMO) is Holding Steady

Must read

Accenture plc (NYSE:ACN) is Gaining Momentum on Earnings Catalyst

Accenture plc (ACN) shares are trading at higher $224.08 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Is Now the Time to Invest in Umpqua Holdings Corporation (NASDAQ:UMPQ)?

Umpqua Holdings Corporation (UMPQ) shares are trading at lower $10.64 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Edwards Lifesciences Corporation (NYSE:EW) Finding Strong Support

Edwards Lifesciences Corporation (EW) shares are trading at higher $78.31 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Is Now the Time to Invest in Texas Instruments Incorporated (NASDAQ:TXN)?

Texas Instruments Incorporated (TXN) shares are trading at lower $141.50 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Thermo Fisher Scientific Inc. (TMO) shares are trading at higher $410.76 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $374.44.

To add more color to this target, the company’s high over the last year is $409.69 and the low is $250.21. Over the last 52 weeks, TMO is up 0.26% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TMO reported a profit of $2.74 billion. Thermo Fisher Scientific Inc. also saw revenues increase to $6.23 billion. In addition, TMO has free cash flow of $103.0 million as of 03-2020. The company’s EBITDA came in at $1.48 billion which compares well with its peers.

TMO booked profit margins of 14.30%, its Return on Equity (ROE) is 12.60%, and its Return on Assets is 6.30%. All told, it is clear that, TMO needs to be on your watchlist.

Find out when TMO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TMO has a short ratio of 2.02 and outstanding shares of 397.00M.

Company Outlook

TMO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.18 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 9.18. Thermo Fisher Scientific Inc. TMO also noted assets of $58.69 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TMO has historically followed its peers on positive news.

All told, Thermo Fisher Scientific Inc. TMO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TMO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Thermo Fisher Scientific Inc. TMO is now commanding a market cap of 161.01B and a float of 394.09M. TMO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TMO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TMO, either long or short, and we have not been compensated for this article.

Latest article

Analog Devices Inc. (NASDAQ:ADI) Recent Earnings Shows Major Concern

Analog Devices Inc. (ADI) shares are trading at lower $116.65 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Unprecedented Rise of Union Pacific Corporation (NYSE:UNP)

Union Pacific Corporation (UNP) shares are trading at lower $197.24 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Infrastructure and Energy Alternatives Inc. (NASDAQ:IEA) Finding Strong Support

Infrastructure and Energy Alternatives Inc. (IEA) shares are trading at higher $6.26 and the avg recommendation for the stock is Moderate Buy, while the...

Renewed Optimism is Surrounding Discovery Inc. (NASDAQ:DISCA)

Discovery Inc. (DISCA) shares are trading at lower $21.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Brookfield Property Partners L.P. (NASDAQ:BPY) is Waving the Bear Flag

Brookfield Property Partners L.P. (BPY) shares are trading at lower $11.73 and the avg recommendation for the stock is Moderate Buy, while the current...