Evercore ISI analyst Vijay Kumar maintained a Buy rating on Thermo Fisher on Friday, setting a price target of $540, which is approximately 9.23% above the present share price of $494.38.
Kumar expects Thermo Fisher to post earnings per share (EPS) of $6.30 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Thermo Fisher, with an average price target of $560.42.
The analysts price targets range from a high of $600 to a low of $520.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $10.55 billion and a net profit of $3.1 billion. The company's market cap is $194.3 billion.
According to TipRanks.com, Evercore ISI analyst Vijay Kumar is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 68.25% success rate.
Thermo Fisher Scientific (NYSE:TMO), Inc. provides analytical instruments, equipment, reagents and consumables, software and services for research, analysis, discovery, and diagnostics. It operates through the Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory (NYSE:LH) Products and Services segments. The company was founded on October 11, 1960 and is headquartered in Waltham, MA.