Thermo Fisher Scientific (NYSE:TMO) Upgraded by Piper Sandler to "Hold" Rating

Key Points

• Piper Sandler upgraded Thermo Fisher Scientific to a “hold” rating, adding to a mixed but still generally positive Wall Street view of the stock. The consensus rating remains Moderate Buy with an average target price of $608.95.
• The stock was trading down 1.4% at $475.12, well below its 200-day moving average of $528.09. Thermo Fisher also has a market cap of about $176.56 billion and a 52-week range of $385.46 to $643.99.
• The company recently reported strong quarterly results, with earnings of $5.44 per share beating estimates and revenue of $11.01 billion topping expectations. Thermo Fisher also reaffirmed FY 2026 EPS guidance of 24.640–25.120.

Thermo Fisher Scientific (NYSE:TMO - Get Free Report) was upgraded by investment analysts at Piper Sandler to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

TMO has been the subject of a number of other research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Thermo Fisher Scientific in a research note on Wednesday, April 8th. KeyCorp reiterated an "overweight" rating on shares of Thermo Fisher Scientific in a research note on Tuesday, May 26th. Wells Fargo & Company decreased their price target on shares of Thermo Fisher Scientific from $675.00 to $615.00 and set an "overweight" rating for the company in a research note on Friday, May 8th. Wolfe Research assumed coverage on shares of Thermo Fisher Scientific in a research report on Tuesday, June 2nd. They set an "outperform" rating and a $535.00 price objective for the company. Finally, DZ Bank assumed coverage on shares of Thermo Fisher Scientific in a research report on Friday, March 27th. They set a "buy" rating and a $610.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Thermo Fisher Scientific has a consensus rating of "Moderate Buy" and an average target price of $608.95.

Thermo Fisher Scientific Trading Down 1.4%

Shares of TMO stock opened at $475.12 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.15 and a current ratio of 1.53. The stock has a market capitalization of $176.56 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.13 and a beta of 0.88. The company has a 50 day moving average price of $479.68 and a 200 day moving average price of $528.09. Thermo Fisher Scientific has a fifty-two week low of $385.46 and a fifty-two week high of $643.99.

Thermo Fisher Scientific (NYSE:TMO - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The medical research company reported $5.44 earnings per share for the quarter, beating analysts' consensus estimates of $5.25 by $0.19. Thermo Fisher Scientific had a net margin of 15.15% and a return on equity of 16.86%. The firm had revenue of $11.01 billion during the quarter, compared to analysts' expectations of $10.86 billion. During the same quarter in the previous year, the business posted $5.15 earnings per share. The business's quarterly revenue was up 6.2% compared to the same quarter last year. Thermo Fisher Scientific has set its FY 2026 guidance at 24.640-25.120 EPS. Equities research analysts predict that Thermo Fisher Scientific will post 24.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Gianluca Pettiti sold 400 shares of the company's stock in a transaction on Monday, April 27th. The shares were sold at an average price of $462.66, for a total value of $185,064.00. Following the completion of the sale, the chief operating officer owned 25,051 shares in the company, valued at $11,590,095.66. This represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Thermo Fisher Scientific

Several institutional investors and hedge funds have recently bought and sold shares of TMO. Assetmark Inc. boosted its stake in shares of Thermo Fisher Scientific by 22.9% during the 4th quarter. Assetmark Inc. now owns 37,654 shares of the medical research company's stock worth $21,819,000 after purchasing an additional 7,023 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Thermo Fisher Scientific by 29.4% during the 3rd quarter. Mackenzie Financial Corp now owns 276,545 shares of the medical research company's stock worth $134,130,000 after purchasing an additional 62,790 shares during the last quarter. NEOS Investment Management LLC boosted its stake in shares of Thermo Fisher Scientific by 28.6% during the 3rd quarter. NEOS Investment Management LLC now owns 51,364 shares of the medical research company's stock worth $24,913,000 after purchasing an additional 11,415 shares during the last quarter. Factory Mutual Insurance Co. boosted its stake in shares of Thermo Fisher Scientific by 2.6% during the 3rd quarter. Factory Mutual Insurance Co. now owns 98,935 shares of the medical research company's stock worth $47,985,000 after purchasing an additional 2,500 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of Thermo Fisher Scientific during the 4th quarter worth about $7,505,000. Hedge funds and other institutional investors own 89.23% of the company's stock.

Thermo Fisher Scientific Company Profile

Thermo Fisher Scientific NYSE: TMO is a global provider of scientific instrumentation, reagents and consumables, software, and services that support research, clinical, and industrial laboratories. The company supplies analytical instruments and laboratory equipment, life sciences reagents and kits, specialty diagnostics, and a broad range of consumables used by researchers, clinicians, and manufacturers. Its offerings also include laboratory information management and data-analysis software, as well as service solutions such as instrument maintenance, validation, and logistics that help customers run complex workflows efficiently.

Thermo Fisher operates through multiple business areas that broadly cover life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services, including contract development and manufacturing for pharmaceutical and biotechnology companies.

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