Pfizer Inc (NYSE: PFE) Drops -11.25% From Highs, Now What?

During the recent session, Pfizer Inc (NYSE:PFE)’s traded shares were 7.31 million, with the beta value of the company hitting 0.65. At the last check today, the stock’s price was $28.35, reflecting an intraday gain of 0.18% or $0.05. The 52-week high for the PFE share is $31.54, that puts it down -11.25 from that peak though still a striking 11.11% gain since the share price plummeted to a 52-week low of $25.20. The company’s market capitalization is $160.65B, and the average intraday trading volume over the past 10 days was 38.16 million shares, and the average trade volume was 30.76 million shares over the past three months.

Pfizer Inc (PFE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.23. PFE has a Sell rating from 1 analyst(s) out of 16 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.49.

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Pfizer Inc (NYSE:PFE) trade information

Pfizer Inc (PFE) registered a 0.18% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.18% in intraday trading to $28.35, hitting a weekly high. The stock’s 5-day price performance is -0.35%, and it has moved by 0.04% in 30 days. Based on these gigs, the overall price performance for the year is -7.08%. The short interest in Pfizer Inc (NYSE:PFE) is 70.94 million shares and it means that shorts have 2.32 day(s) to cover.

The consensus price target of analysts on Wall Street is $46, which implies an increase of 38.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $70 respectively. As a result, PFE is trading at a discount of -146.91% off the target high and 29.45% off the low.

Pfizer Inc (PFE) estimates and forecasts

Statistics show that Pfizer Inc has outperformed its competitors in share price, compared to the industry in which it operates. Pfizer Inc (PFE) shares have gone up 1.94% during the last six months, with a year-to-date growth rate more than the industry average at 54.89% against 8.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 390.00% this quarter and then drop -11.00% in the quarter after that. In the rating firms’ projections, revenue will increase 6.90% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 17.42B as predicted by 13 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 14.34B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 14.25B and 14.01B respectively. In this case, analysts expect current quarter sales to grow by 22.20% and then jump by 2.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -27.43%. While earnings are projected to return 55.54% in 2024, the next five years will return 5.00% per annum.

PFE Dividends

Pfizer Inc is due to release its next quarterly earnings on 2025-Jan-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Pfizer Inc is 1.67, with the dividend yield indicating at 5.89 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.23%.

Pfizer Inc (NYSE:PFE)’s Major holders

Pfizer Inc insiders own 0.05% of total outstanding shares while institutional holders control 67.55%, with the float percentage being 67.58%. VANGUARD GROUP INC is the largest shareholder of the company, while 3630.0 institutions own stock in it. As of 2024-06-30, the company held over 511.4 million shares (or 9.0402% of all shares), a total value of $14.31 billion in shares.

The next largest institutional holding, with 424.38 million shares, is of BLACKROCK INC.’s that is approximately 7.5018% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.87 billion.