Pfizer (NYSE:PFE) Price Target Raised to $32.00

Pfizer (NYSE:PFEFree Report) had its price target lifted by HSBC from $29.00 to $32.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the biopharmaceutical company’s stock.

A number of other research analysts also recently weighed in on the company. Morgan Stanley dropped their target price on Pfizer from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, December 12th. UBS Group started coverage on shares of Pfizer in a research report on Tuesday, January 6th. They set a “neutral” rating and a $25.00 price target for the company. Guggenheim reiterated a “buy” rating on shares of Pfizer in a research note on Wednesday, December 17th. Daiwa Securities Group downgraded shares of Pfizer from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Thursday, February 12th. Finally, Citigroup assumed coverage on shares of Pfizer in a research report on Tuesday, December 2nd. They set a “neutral” rating and a $26.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.14.

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Pfizer Trading Up 0.3%

NYSE:PFE opened at $27.40 on Tuesday. The company has a market cap of $155.78 billion, a PE ratio of 20.14 and a beta of 0.47. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $25.59. Pfizer has a 12 month low of $20.92 and a 12 month high of $27.94.

Pfizer (NYSE:PFEGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Pfizer had a return on equity of 20.48% and a net margin of 12.42%.The firm had revenue of $17.56 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same period in the prior year, the firm earned $0.63 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Research analysts forecast that Pfizer will post 2.95 earnings per share for the current year.

Hedge Funds Weigh In On Pfizer

Hedge funds have recently modified their holdings of the stock. Fiduciary Alliance LLC grew its stake in Pfizer by 46.4% during the 3rd quarter. Fiduciary Alliance LLC now owns 145,263 shares of the biopharmaceutical company’s stock valued at $3,701,000 after purchasing an additional 46,043 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Pfizer in the third quarter worth about $3,019,000. Money Concepts Capital Corp lifted its holdings in shares of Pfizer by 29.9% during the third quarter. Money Concepts Capital Corp now owns 248,251 shares of the biopharmaceutical company’s stock worth $6,325,000 after purchasing an additional 57,188 shares during the period. Vista Investment Partners LLC boosted its position in Pfizer by 236.1% in the third quarter. Vista Investment Partners LLC now owns 69,613 shares of the biopharmaceutical company’s stock valued at $1,774,000 after buying an additional 48,900 shares during the last quarter. Finally, Kepler Cheuvreux Suisse SA purchased a new stake in Pfizer in the third quarter valued at approximately $16,613,000. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Key Pfizer News

Here are the key news stories impacting Pfizer this week:

Pfizer Company Profile

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Pfizer Inc (NYSE: PFE) is a multinational biopharmaceutical company headquartered in New York City. Founded in 1849 by Charles Pfizer and Charles Erhart, the company researches, develops, manufactures and commercializes a broad range of medicines and vaccines for human health. Its activities span discovery research, clinical development, regulatory affairs, manufacturing and global commercial distribution across multiple therapeutic areas.

Pfizer’s portfolio and pipeline cover oncology, immunology, cardiology, endocrinology, rare diseases, hospital acute care and anti-infectives, along with a substantial vaccine business.

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Analyst Recommendations for Pfizer (NYSE:PFE)

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