Pfizer (NYSE:PFE) Trading 1.5% Higher Following Analyst Upgrade

Pfizer Inc. (NYSE:PFEGet Free Report)’s stock price traded up 1.5% during trading on Monday after UBS Group raised their price target on the stock from $25.00 to $27.00. UBS Group currently has a neutral rating on the stock. Pfizer traded as high as $27.57 and last traded at $27.3240. 44,069,163 shares were traded during trading, a decline of 2% from the average session volume of 44,758,160 shares. The stock had previously closed at $26.92.

PFE has been the topic of a number of other reports. BMO Capital Markets restated an “outperform” rating and set a $30.00 price target on shares of Pfizer in a research note on Monday, March 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Pfizer in a research note on Thursday, January 22nd. Daiwa Securities Group cut Pfizer from an “outperform” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Thursday, February 12th. Guggenheim upped their price target on Pfizer from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Pfizer in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Pfizer currently has a consensus rating of “Hold” and an average price target of $28.24.

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Trending Headlines about Pfizer

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Institutional Trading of Pfizer

A number of large investors have recently modified their holdings of PFE. Vanguard Group Inc. increased its holdings in Pfizer by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 541,346,182 shares of the biopharmaceutical company’s stock valued at $13,479,520,000 after buying an additional 7,031,162 shares during the last quarter. State Street Corp increased its holdings in Pfizer by 0.5% in the fourth quarter. State Street Corp now owns 300,445,164 shares of the biopharmaceutical company’s stock valued at $7,481,085,000 after buying an additional 1,357,756 shares during the last quarter. Geode Capital Management LLC increased its holdings in Pfizer by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 130,192,081 shares of the biopharmaceutical company’s stock valued at $3,235,642,000 after buying an additional 1,184,728 shares during the last quarter. Morgan Stanley increased its holdings in Pfizer by 19.2% in the fourth quarter. Morgan Stanley now owns 89,113,604 shares of the biopharmaceutical company’s stock valued at $2,218,929,000 after buying an additional 14,342,946 shares during the last quarter. Finally, Norges Bank purchased a new position in Pfizer in the fourth quarter valued at $1,830,986,000. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Pfizer Stock Performance

The firm has a fifty day simple moving average of $27.22 and a 200-day simple moving average of $25.98. The company has a market cap of $155.37 billion, a PE ratio of 20.09 and a beta of 0.43. 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 issued its quarterly earnings data on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The company had revenue of $17.56 billion for the quarter, compared to analyst estimates of $16.93 billion. Pfizer had a return on equity of 20.48% and a net margin of 12.42%.The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. On average, research analysts forecast that Pfizer Inc. will post 2.95 EPS for the current fiscal year.

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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