what is pfizer stock

Over the most recent three years, Pfizer recorded free cash flow worth 62% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This free cash flow puts the company in a good position to pay down debt, when appropriate. Many will allow you to buy ‘fractional shares,’ which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share.

Pfizer names Chris Boshoff as new R&D chief, WSJ reports

President-elect Trump’s decision to nominate Robert F. Kennedy Jr. as the Secretary of Health and Human Services (HHS) has sparked concerns, particularly about his skepticism toward the pharmaceutical industry and GLP-1 drugs. Despite these issues, Meekins suggests that the recent sell-off in pharmaceutical and GLP-1 stocks may be an overreaction. “The sell-off we’ve seen might be a little bit overdone compared to what the reality could end up at the end of the day,” Meekins said. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

Other blockbuster names on Pfizer’s list include Xeljanz and Enbrel, A stock-buying strategy to beat inflation and generate income each bringing in $3.5 billion. Pfizer operates 39 research and production facilities worldwide and sells its products in 125 countries. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on…

  1. It generated nearly $37 billion in 2021 and was followed by Prevnar, Ibrance and Eliquis with just over $5 billion in sales each.
  2. Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States, Europe, and internationally.
  3. Sanford C. Bernstein initiated coverage on shares of Pfizer in a research report on Thursday, October 17th.
  4. As the U.S. stock market continues its upward trajectory, with the S&P 500 extending its winning streak and major indices nearing record highs, investors are increasingly looking for stable income sources amidst this bullish environment.

The Oracle of Omaha has been accumulating billions of dollars in the past few years… Tracey Ryniec looks to history to uncover the meaning behind Mr. Buffett’s recent selling and how it can generate huge returns for patient value investors. Nvidia stock dipped immediately after the company released its latest financial results on Nov. 20, but that might be a golden buying opportunity. The Microsoft founder is still one of the richest people in the world, and the foundation’s portfolio reflects that as it has more than $45 billion in assets under management. Thus we consider debt relative to earnings both with and without depreciation and amortization expenses.

Stocks of major drug makers and biotech companies tumbled in trading late this week after President-elect Donald Trump announced that he wants vaccine skeptic Robert F. Kennedy Jr. to lead the U.S. According to 13 analysts, the average rating for PFE stock is «Buy.» The 12-month stock price forecast is $33.17, which is an increase of 29.32% from the latest price. Regarding its product line, the How to Become a Project Manager company has at least ten blockbuster drugs producing more than $1 billion in avenue revenue each. China and Japan make up roughly 12% of the business, while the rest come from the “rest of the world”. It employs roughly 79,000 people and is headquartered in New York state.

what is pfizer stock

Company Overview

The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately, every company can contain risks that exist outside of the balance sheet. We’ve identified 4 warning signs with Pfizer (at least 2 which are concerning) , and understanding them should be part of your investment process. Pfizer has net debt to EBITDA of 3.2 suggesting it uses a fair bit of leverage to boost returns. But the high interest coverage of 7.1 suggests it can easily service that debt.

This led to the advancement of fermentation technology that was later used in the commercial production of penicillin and then the advancement of antibiotics in general. Discover how to withdraw on coinbase which analysts rank highest on predicting the directional movement of PFE.

Pfizer Stock Analysis – MarketRank™

Barclays lifted their target price on shares of Pfizer from $30.00 to $32.00 and gave the stock an «equal weight» rating in a research report on Wednesday, July 31st. Daiwa America upgraded shares of Pfizer from a «moderate buy» rating to a «strong-buy» rating in a research report on Wednesday, August 7th. Cantor Fitzgerald reiterated an «overweight» rating and issued a $45.00 target price on shares of Pfizer in a research report on Wednesday, October 23rd. Finally, Wolfe Research initiated coverage on shares of Pfizer in a research report on Friday, November 15th.

In 2020, Pfizer co-developed with BioNTech SE a vaccine against COVID-19, the virus whose rapid spread prompted the World Health Organization (WHO) to declare a global pandemic in March 2020. On Dec. 11, 2020, the Pfizer-BioNTech vaccine became the first COVID-19 vaccine to receive emergency use authorization (EUA) from the U.S. The vaccine was approved for emergency use for individuals 16 years of age and older. On May 10, 2021, the FDA expanded the EUA for the Pfizer-BioNTech vaccine to include adolescents ages 12–15.

Esteban Burgos
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