Thermo Fisher (TMO) Received its Third Buy in a Row

By Jason Carr

After Deutsche Bank and UBS gave Thermo Fisher (NYSE: TMO) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Jack Meehan maintained a Buy rating on Thermo Fisher yesterday and set a price target of $310. The company’s shares closed yesterday at $266.83.

According to TipRanks.com, Meehan is a 4-star analyst with an average return of 6.9% and a 62.1% success rate. Meehan covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, PRA Health Sciences, and IQVIA Holdings Inc.

Thermo Fisher has an analyst consensus of Strong Buy, with a price target consensus of $298.83.

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Thermo Fisher’s market cap is currently $115.2B and has a P/E ratio of 36.82. The company has a Price to Book ratio of 4.17.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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