How to Buy Thermo Fisher Scientific Stock
Thermo Fisher Scientific Inc
Thermo Fisher Scientific is a diagnostic & research company located in Massachusetts, United States, which is part of the Healthcare sector, and is traded under the ticker TMO on the NYSE exchange.
Thermo Fisher Scientific stock last closed at $541.52, down 1.05% from the previous day, and has decreased 7.41% in one year. It has overperformed other stocks in the Diagnostics & Research industry by 0.02 percentage points. Thermo Fisher Scientific stock is currently +30.3% from its 52-week low of $415.60, and -10.32% from its 52-week high of $603.82.
There are currently 381.31M TMO shares outstanding. The market capitalization of TMO is $206.49B. In the past 24 hours, 2.08M TMO shares were traded.
How to Buy Thermo Fisher Scientific Stock
Not sure how to invest in Thermo Fisher Scientific stock? Here's how.
- Choose where to buy Thermo Fisher Scientific stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Thermo Fisher Scientific stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Evaluate Thermo Fisher Scientific stock: The Thermo Fisher Scientific ticker symbol is TMO. Is Thermo Fisher Scientific stock a good investment? Should you buy shares of TMO? How do TMO's underlying business fundamentals look? Do top analysts think Thermo Fisher Scientific is a good buy? Why has TMO's stock price moved recently? (Hint: Our stock analysis website can help you figure out if TMO is a good stock to buy).
- Execute your TMO purchase: Decide if you will purchase TMO shares at the current market price or use a limit order to purchase TMO stock at a specific price.
- Track your TMO investment: Create a watchlist to monitor your position in Thermo Fisher Scientific shares.
Step 1: Choose where to buy Thermo Fisher Scientific stock
You need an online brokerage account in order to access the NYSE market and buy TMO shares.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. eToro gives you:
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you can invest in TMO stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on investing apps, you can securely and quickly fund your account:
Watch the tutorial below if you need help transferring money into your brokerage account.
Step 4: Evaluate Thermo Fisher Scientific stock
Once you have decided on the best place to buy Thermo Fisher Scientific stock, it's critical to analyze their stock before you invest, so you can comprehend the risk as well as the opportunity.
Thermo Fisher Scientific stock data
TMO Zen Score
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on TMO's stock page.
Is TMO stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TMO's intrinsic value.
Using relative valuations measures:
- TMO could be undervalued based on its P/E ratio of 34.89x, relative to Diagnostics & Research industry P/E ratio of 36.3x
- TMO could be overvalued based on its P/B ratio of 4.42x, relative to Diagnostics & Research industry P/B ratio of 4.01x
- TMO may be undervalued based on its PEG ratio of 0.67x
You can do additional valuation analysis on TMO's stock here.
A quick look at TMO Financials
Pros:
- There are more short-term assets than short-term liabilities on the TMO balance sheet.
- TMO earnings of $7.65B is not enough to cover its interest payments.
- TMO's operating cash flow of $8.41B allows it to safely service it's debt of $34.92B.
Cons:
- Total TMO debt is higher than 5 years ago, relative to shareholder equity.
- TMO profit margin has gone down from 15.5% to 14% in the past year.
- There are more long-term liabilities than short-term assets on the TMO balance sheet.
- TMO has a relatively high debt to equity ratio of 1.11.
Do Wall Street analysts think it's a good time to buy Thermo Fisher Scientific stock
Out of 12 Equities analysts who monitor TMO, the consensus analyst rating on Thermo Fisher Scientific is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest TMO Analyst Upgrades/Downgrades
Andrew Cooper, a bottom 2% analyst from Raymond James maintains TMO with a buy rating and raises their TMO price target from $515.00 to $605.00, on Feb 1, 2024.
Luke Sergott, a bottom 3% analyst from Barclays downgrades TMO to a hold rating and raises their TMO price target from $475.00 to $555.00, on Jan 24, 2024.
Catherine Schulte, a top 6% analyst from Baird maintains TMO with a buy rating and announces their TMO price target of $670.00, on Dec 14, 2023.
David Toung, a top 20% analyst from Argus Research maintains TMO with a strong buy rating and raises their TMO price target from $540.00 to $550.00, on Nov 6, 2023.
Daniel Arias, a top 17% analyst from Stifel Nicolaus maintains TMO with a strong buy rating and lowers their TMO price target from $660.00 to $530.00, on Oct 26, 2023.
You can dig deeper into what analysts are saying on the Thermo Fisher Scientific stock forecast page.
TMO Momentum
How are TMO Revenues/Earnings doing?
Last year, TMO earnings were $6.00B. During the past five year, TMO's earnings have increased by 16.25% per year. This was faster than the Diagnostics & Research industry average of 12.67%.
Last year, TMO revenue was $42.86B. Over the last five year, TMO's revenue has gone up by 11.96% per year. This was slower than the Diagnostics & Research industry average of 12.99%.
You can research TMO's earnings and revenue performance here.
Are TMO insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at TMO have sold more shares than they have bought.
Marc N. Casper, Chairman CEO of TMO, was the latest TMO insider to sell. They sold $179,397.00 worth of TMO stock on Mar 13, 2024.
Get more info about who owns TMO shares here.
Can I rely on TMO as an income stream?
Thermo Fisher Scientific pays a dividend of 0.27%, compared to the Diagnostics & Research industry's average dividend yield of 1.43%. If you owned $1,000 worth of TMO stock, you would have been paid $2.66 last year.
Thermo Fisher Scientific dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Thermo Fisher Scientific dividend yield and history here.
TMO Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your TMO purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Track your TMO investment
Now that you own some shares in TMO, you'll want to stay up-to-date on your company.
Create a watchlist to keep track of your TMO stock.
TMO Feed
How to Buy Stock in Thermo Fisher Scientific
To summarize, here are the 6 steps to buy stock in Thermo Fisher Scientific:
- Choose where to buy Thermo Fisher Scientific stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Thermo Fisher Scientific stock
- Execute your TMO purchase
- Track your TMO investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Thermo Fisher Scientific, hit the button below to create your watchlist.
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