Pfizer Inc. (NYSE:PFE) Given Consensus Rating of “Hold” by Brokerages

Pfizer Inc. (NYSE:PFEGet Free Report) has been assigned an average rating of “Hold” from the twenty-three research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.1905.

A number of equities research analysts have weighed in on PFE shares. Guggenheim boosted their target price on shares of Pfizer from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Royal Bank Of Canada initiated coverage on shares of Pfizer in a report on Tuesday, February 24th. They set an “underperform” rating and a $25.00 price target on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $27.00 price objective on shares of Pfizer in a report on Wednesday, February 4th. HSBC raised their target price on Pfizer from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Finally, Daiwa Securities Group downgraded Pfizer from an “outperform” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Thursday, February 12th.

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Pfizer Stock Down 0.6%

Shares of NYSE:PFE opened at $28.37 on Friday. Pfizer has a 52-week low of $20.92 and a 52-week high of $28.75. The company has a market capitalization of $161.29 billion, a PE ratio of 20.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.16. The company has a fifty day moving average of $27.03 and a 200-day moving average of $25.79.

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

Institutional Trading of Pfizer

Several institutional investors have recently added to or reduced their stakes in PFE. Horizon Financial Services LLC raised its holdings in Pfizer by 174.8% during the 4th quarter. Horizon Financial Services LLC now owns 1,014 shares of the biopharmaceutical company’s stock worth $25,000 after purchasing an additional 645 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Pfizer in the 4th quarter valued at $26,000. YANKCOM Partnership acquired a new stake in shares of Pfizer during the fourth quarter worth $28,000. HFM Investment Advisors LLC increased its position in shares of Pfizer by 61.0% during the fourth quarter. HFM Investment Advisors LLC now owns 1,127 shares of the biopharmaceutical company’s stock worth $28,000 after buying an additional 427 shares during the period. Finally, Grey Fox Wealth Advisors LLC bought a new position in Pfizer during the third quarter worth $29,000. 68.36% of the stock is currently owned by institutional investors.

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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