Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Milberg LLP Announces Investigation of Purchase of FEI Company by Thermo Fisher Scientific Inc.

[PR Newswire] – NEW YORK, May 31, 2016 /PRNewswire/ — Milberg LLP is investigating possible breaches of fiduciary duty and other violations of law in connection with the proposed acquisition of FEI Company (FEIC) (“FEI”) by Thermo Fisher Scientific Inc. (TMO) (“Thermo Fisher”). On May 27, 2016, Thermo Fisher and FEI announced that their boards of directors had unanimously approved Thermo Fisher’s acquisition of FEI for $107.50 per share in cash. Read more on this. Thermo Fisher Scientific, Inc. (TMO) , valued at $59.74B, began trading this morning at $152.00. Looking at today’s trading action, the company’s one day range from $150.50 to $152.14 and has traded between $117.10 and $152.14 over the past 12 months. Priced at 18.71x this year’s forecasted earnings, TMO shares are relatively expensive compared to the industry’s 7.59x forward p/e ratio. The company pays shareholders $0.60 per share annually in dividends, yielding 0.39%. According to a consensus of 19 analysts, the earnings estimate of $2.01 per share would be $0.17 better than the year-ago quarter and a $0.04 sequential increase. Investors should also note that the full-year EPS estimate of $8.13 is a $0.74 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.50 Billion. If reported, that would be a 5.39% increase over the year-ago quarter. In terms of ratings, Jefferies downgraded TMO from Buy to Hold (Apr 29, 2016). Previously, Deutsche Bank Initiated TMO at to Buy. The average price target for TMO shares by the analysts covering it is $163.50, which is 7.57% above where the stock opened. See more in (NYSE:TMO) Similar Articles: Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific Declares Quarterly Dividend Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific to Host Analyst Meeting Company Update: Thermo Fisher Scientific Inc (NYSE:TMO) – Thermo Fisher Scientific to Present at Upcoming Investor Conferences