Pfizer (NYSE:PFE) Price Target Raised to $36.00

Pfizer (NYSE:PFEFree Report) had its target price increased by Guggenheim from $35.00 to $36.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the biopharmaceutical company’s stock.

PFE has been the topic of several other research reports. HSBC boosted their target price on Pfizer from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Barclays started coverage on Pfizer in a research note on Thursday, February 19th. They set an “underweight” rating and a $25.00 target price for the company. Royal Bank Of Canada began coverage on shares of Pfizer in a research report on Tuesday, February 24th. They issued an “underperform” rating and a $25.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Pfizer in a report on Monday, March 9th. Finally, Morgan Stanley set a $27.00 price objective on Pfizer and gave the stock a “positive” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.19.

Read Our Latest Stock Analysis on PFE

Pfizer Price Performance

Shares of NYSE PFE opened at $27.54 on Tuesday. The stock has a market cap of $156.59 billion, a P/E ratio of 20.25 and a beta of 0.47. The firm’s 50-day simple moving average is $26.82 and its 200 day simple moving average is $25.67. Pfizer has a fifty-two week low of $20.92 and a fifty-two week high of $27.94. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.71.

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

Institutional Investors Weigh In On Pfizer

A number of institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Pfizer by 1,282.4% in the 4th quarter. Brighton Jones LLC now owns 666,318 shares of the biopharmaceutical company’s stock valued at $17,677,000 after buying an additional 618,117 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Pfizer by 12.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 18,766 shares of the biopharmaceutical company’s stock worth $498,000 after acquiring an additional 2,087 shares during the period. United Bank lifted its position in Pfizer by 12.4% during the 2nd quarter. United Bank now owns 58,087 shares of the biopharmaceutical company’s stock worth $1,408,000 after acquiring an additional 6,415 shares during the last quarter. AXQ Capital LP bought a new stake in Pfizer during the second quarter valued at about $311,000. Finally, Waterloo Capital L.P. increased its stake in shares of Pfizer by 16.6% in the second quarter. Waterloo Capital L.P. now owns 17,541 shares of the biopharmaceutical company’s stock worth $425,000 after purchasing an additional 2,499 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.

Key Pfizer News

Here are the key news stories impacting Pfizer this week:

About Pfizer

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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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