Published: Wed, February 01, 2017
Markets | By Erika Turner

TMO Crosses Above Key Moving Average Level

TMO Crosses Above Key Moving Average Level

Bank of New York Mellon Corp now owns 4,004,893 shares of the company's stock valued at $637,017,000 after buying an additional 254,995 shares in the last quarter. (NYSE:TMO) latest quarter ended on 30 Sep 2016, company revealed earnings of $2.03 a share. (TMO) has a US$56.6 Billion market cap.

Currently, Thermo Fisher has a Zacks Rank #4 (Sell) but that could change following its impressive fourth-quarter 2016 earnings report which has just released.

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q3. 82 funds bought stakes while 277 increased positions. (NYSE:TMO) now has mean rating of 1.70 while 10 analysts have commented the shares as "BUY", 9 recommended as "OUTPERFORM" and 2 commented as "HOLD". The company has a Consensus Recommendation of 1.57, according to Thomson Reuters data. Meeder Asset Management Inc. boosted its position in Thermo Fisher Scientific by 114.6% in the second quarter.

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Thermo Fisher Scientific (NYSE:TMO) opened at 143.51 on Monday. The 52-week low of the share price is at $119.75. The investment management firm now holds a total of 129,582 shares of Thermo Fisher Scientific which is valued at $18,847,702.Thermo Fisher Scientific makes up approximately 0.15% of Tiaa Cref Trust Co Fsbmo's portfolio. BlackRock Fund Advisors raised its stake in Thermo Fisher Scientific by 7.5% in the second quarter. (NYSE:TMO) for 32,226 shares. Jennison Associate Llc holds 289,702 shares or 0.05% of its portfolio. Investors of record on Thursday, December 15th were given a $0.15 dividend. (NYSE:TMO) for 156,500 shares. (NYSE:TMO) reports its Earnings on Tue 31 Jan (In 2 Days). On the other hand, company insiders are holding 0.10%. (NYSE:TMO) reported its previous quarter on 10/27/2016 where it reported the Actual Earnings of $2.03. ADV now owns 3,854 shares of the company's stock worth $569,000 after buying an additional 211 shares during the last quarter. (NYSE:TMO) shares were sold by HOOGASIAN SETH H. (NYSE:TMO) closed -4.05% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. Institutions are now holders of 89.60% of the shares. HARRIS C MARTIN sold $61,359 worth of stock.

Thermo Fisher Scientific Inc develops, manufactures and sells a range of products. "Thermo Fisher Scientific headquartered in Waltham, Massachusetts".

Excluding items, Thermo Fisher earned $2.41 per share. This means 86% are positive. -8.39% (High), 23.18%, (Low). The firm has a SMA 50 (Simple Moving Average) of -0.30% and a SMA 200-(Simple Moving Average) of -4.05%. Barclays Capital maintained Thermo Fisher Scientific Inc. Barclays Capital has "Overweight" rating and $175 price target. Leerink Swann now has a "Buy" rating and a $175.00 price target on the stock. Thermo Fisher Scientific presently has a consensus rating of "Buy" and an average target price of $168.40. The company was downgraded on Friday, April 29 by Jefferies. KBC Group NV owned 0.07% of Thermo Fisher Scientific worth $46,132,000 as of its most recent filing with the SEC. The Firm is a well-known provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics.

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