In today’s recent session, 25.87 million shares of the Pfizer Inc. (NYSE:PFE) have been traded, and its beta is 0.65. Most recently the company’s share price was $28.78, and it changed around -$0.08 or -0.28% from the last close, which brings the market valuation of the company to $163.08B. PFE at last check was trading at a discount to its 52-week high of $31.54, offering almost -9.59% off that amount. The share price’s 52-week low was $25.20, which indicates that the recent value has risen by an impressive 12.44% since then. We note from Pfizer Inc.’s average daily trading volume that its 10-day average is 27.55 million shares, with the 3-month average coming to 30.53 million.
Pfizer Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.23. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 9 recommended PFE as a Hold, whereas 11 deemed it a Buy, and 1 rated it as Underweight. Pfizer Inc. is expected to report earnings per share of 0.62 for the current quarter.
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Pfizer Inc. (NYSE:PFE) trade information
Instantly PFE has been showing red trend so far today with a performance of -0.28% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 29.17 on recent trading dayincreased the stock’s daily price by 1.34%. The company’s shares are currently down -0.04% year-to-date, but still down -0.21% over the last five days. On the other hand, Pfizer Inc. (NYSE:PFE) is -0.56% down in the 30-day period. We can see from the shorts that 70.94 million shares have been sold at a short interest cover period of 2.32 day(s).
The consensus price target as assigned by Wall Street analysts is $46, which translates to bulls needing to increase their stock price by 37.43% from its current value. Analyst projections state that PFE is forecast to be at a low of $20 and a high of $70.
Pfizer Inc. (PFE) estimates and forecasts
Pfizer Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.33 percent over the past six months and at a 45.11% annual growth rate that is well above the industry average of 6.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 464.70% in revenue this quarter, and will report an increase of 560.00% in the next quarter. The year-over-year growth rate is expected to be 4.50%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 14.95B in revenue for the current quarter. 12 analysts expect Pfizer Inc. to make 18B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.23B and 14.25B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.00%. Forecasts for the next quarter put sales growth at 26.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.43%. Pfizer Inc. earnings are expected to increase by 44.59% in 2024, but the outlook is positive 5.00% per year for the next five years.
PFE Dividends
Pfizer Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-29. The annual dividend yield of the stock is 5.80 percent and its annual dividend per share was 1.67. It is important to note, however, that the 5.80% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.2 per year.
Pfizer Inc. (NYSE:PFE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.05% of Pfizer Inc. shares, and 67.49% of them are in the hands of institutional investors. The stock currently has a share float of 67.52%. Pfizer Inc. stock is held by 3623.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.0402% of the shares, which is about 511.4 million shares worth $14.31 billion.
BLACKROCK INC., with 7.5018% or 424.38 million shares worth $11.87 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 179.12 shares worth $5.12 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 145.44 shares worth around $4.15 billion, which represents about 2.57% of the total shares outstanding.
