Why Hold Strategy Is Apt For Thermo Fisher (TMO) Stock Now
Zacks Investment Research | Jun 21, 2017 09:57PM ET
Thermo Fisher Scientific, Inc. (NYSE:TMO) , headquartered in Waltham, MA is a scientific instrument maker and a world leader in serving science. It has rallied 13.5% over the past three months, ahead of the S&P 500’s mere 4.3% gain. The stock has a market cap of $68.7 billion.
The company’s share price also outperformed the Zacks categorized Medical - Instruments sub-industry’s increase of 10.3% over this period. This Zacks Rank #3 (Hold) stock exhibits some solid growth prospects.
The market is particularly upbeat about the company’s consistent acquisition activities to drive growth inorganically. Last month, the company agreed to acquire Netherlands-based Patheon N.V., a global provider of high-quality drug solutions to pharmaceutical and biopharma sectors.
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