Analyst Ratings for Thermo Fisher Scientific before 4Q17 Results


Jan. 25 2018, Published 11:37 a.m. ET

Analyst recommendations

Thermo Fisher Scientific (TMO) will announce its 4Q17 and fiscal 2017 earnings results on January 31, 2018. The company has launched a number of innovative products and entered into strategic collaborations and partnerships throughout the quarter. Let’s take a look at its latest analyst recommendations and target prices.

As of January 24, 2018, according to a recent Reuters survey of 17 brokerage firms, 16 analysts have a “buy” or “strong buy” rating for TMO stock. One analyst rated the stock a “hold.” There were no “sell” ratings. For an overview of recommendations, see the above table.

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Target prices

As of January 24, 2018, according to the analysts included in the recent Reuters survey, the consensus 12-month target price for TMO stock is $222.94, which implies a potential investment return of 3.9% over the next 12 months. The return potential is based on the stock’s closing price of $214.55 on January 23, 2018.

Wall Street analysts’ consensus target prices for TMO’s peers Abbott Laboratories (ABT), Boston Scientific (BSX), and Becton Dickinson (BDX) are $63.72, $31.09, and $236.31, respectively. These prices represent potential investment returns of 7.6%, 11.7%, and 0.68%, respectively, over the next 12 months.

Rating revisions and updates

On January 19, 2018, Deutsche Bank raised its target price on TMO stock from $226 to $241. On January 4, 2018, Barclays increased its price target on TMO stock from $215 to $225 and maintained an “overweight” rating on the stock. The target price was raised following a positive 2018 outlook update on the life science tools and diagnostics industry. On the day of the update, TMO stock rose ~1.2%, and the Vanguard Growth ETF (VUG) rose ~0.27%. VUG has 0.75% of its total portfolio in TMO.

On January 3, 2018, Evercore ISI assumed coverage of TMO stock with an “outperform” rating and a target price of $222 per share. On January 5, 2018, BTIG Research initiated coverage of TMO stock with a “buy” rating and a target price of $230.


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