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Ontario Teachers Pension Plan Board Purchases New Stake in Thermo Fisher Scientific Inc. $TMO
The Ontario Teachers Pension Plan Board has acquired a new stake of 23,798 shares in Thermo Fisher Scientific Inc. (NYSE:TMO), valued at approximately $11.54 million, during the third quarter. The company recently reported strong quarterly earnings, beating analyst estimates with $6.57 EPS and $12.22 billion in revenue, and its board approved a $5.00 billion share buyback program. Analyst sentiment for Thermo Fisher Scientific is generally positive, with a “Moderate Buy” consensus rating and an average price target of $633.68.