4 Analysts Have This To Say About Pfizer

In 2020, Pfizer co-developed with BioNTech SE a vaccine against COVID-19, the virus whose rapid spread prompted the World Health Organization to declare a global pandemic in March 2020. Albert Bourla is the pharmaceutical giant’s current chief executive officer . On the issue of sharing intellectual property, Pfizer said others would struggle to produce its mRNA vaccine – one of only two on the market – arguing that “it is not as simple as sharing the ‘recipe’”. Manufacture of its vaccine involves more than 280 materials from 86 suppliers in 19 countries. In addition to the blockbusters mentioned earlier in this article, the company also makes cardiovascular drug Eliquis and immunology drug Xeljanz. On May 3, Pfizer’s managers will be hosting a webcast to talk about the company’s first-quarter results.

View analysts’ price targets for Pfizer or view top-rated stocks among Wall Street analysts. Pfizer pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.25%. Pfizer has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend.

That’s why Pfizer is trading 55% below what analysts call its fair value. The Direct Deposit of Dividends Service is available to you if your shares of Pfizer common stock are held in your own name. If your shares are held through a broker, you must first have the shares transferred into your own name in order to be eligible for the Pfizer Direct Deposit of Dividends Service. Book-entry form of registered ownership allows you to own shares without having paper stock certificates in your possession. You are the record owner and enjoy the same shareholder benefits as you would with certificated shares.

Pfizer Still Sees Full

Pfizer’s COVID-19 vaccine started distribution in late 2020 and continues today. Though the COVID-19 vaccine was a big source of sales for Pfizer, it will likely decrease over time. So, the market for its COVID-19 vaccine may continue for quite some time.

Paxlovid has also been found to be 70% effective in preventing severe disease and death for standard-risk patients and 89% for high-risk patients. In addition, PFE reported that in a lab-based setting, Paxlovid had shown a high potential in producing robust anti-viral reactions against the Omicron variant, with additional studies ongoing. Based on its high efficacy rates, on 16 December 2021, the European Medicines Agency has recommended the use of Paxlovid in high-risk patients, even prior to its regulatory approval. With the impending regulatory approval from the EMA and US FDA, moving forward, Paxlovid has the potential to be the choice therapeutics for COVID-19 patients.

19 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Pfizer in the last year. There are currently 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” Pfizer stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFE, but not buy additional shares or sell existing shares. By 2029, PFE may experience a potential loss in annual revenue of $22.27B , due to the expiry of patents involving 8 of its products.

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COVID-19 vaccine and treatment sales helped Pfizer breeze past Wall Street’s first-quarter expectations, as the drugmaker’s profit grew 61%. Moderna is slated to report fourth-quarter earnings on February 24. Analysts expect the Massachusetts-based firm, whose only commercialized product is its Covid-19 vaccine, will report $6.8 billion in revenue, up 1,090% from one year prior. The gains were driven by staggering sales of Pfizer’s COVID-19 vaccine and antiviral drugs.

I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. I was already a full-time investor and trader before I joined Seeking Alpha as a contributor.

This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, May 12th. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. Moderna CEO Stephane Bancel joins tezspire together Yahoo Finance Live to discuss earnings, COVID-19 vaccine sales growth, creating new boosters for the fall, funding for future sales, and the process for approving a vaccine for young kids. Come and join our community of investors as we navigate the ups and down of the market together.

Why Pfizer Stock Climbed Today

You must click the activation link in order to complete your subscription. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Pfizer posted a sharp rise in revenue for the first quarter, thanks largely to its Covid-19 vaccine. Pfizer currently has a Zacks Rank #3 .You can see the complete list of today’s Zacks #1 Rank stocks here.

Albert Bourla has an approval rating of 92% among Pfizer’s employees. This puts Albert Bourla in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Earnings https://xcritical.com/ for Pfizer are expected to decrease by -26.58% in the coming year, from $7.26 to $5.33 per share. In the past three months, Pfizer insiders have not sold or bought any company stock.

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The purchases were made on Monday and Tuesday and cost about $336 million, Berkshire said in a regulatory filing on Wednesday night. Berkshire also has warrants to buy an additional $5 billion of Occidental shares at a slight discount to their Wednesday closing price of $61.57. Xeljanz sales declined 29% to $372 million due to lower prescription volumes globally, unfavorable wholesaler inventory buying patterns and lower prices in the United States. The Prevnar family includes revenues from Prevnar 13/Prevenar 13 and Prevnar 20 .

It is because existing antibody treatments from Eli Lilly and Regeneron have proven to be not as effective against the Omicron variant. As a result, we expect Paxlovid’s sales to reach over $67B over the next four years, with up to $24B in FY2022 and $33B in FY2023. PFE stock is having a banner year as its YTD return reached 65.8%, easily outperforming both the broad market and its pharmaceutical peers. Every dip has been added enthusiastically by its investors as the company’s performance continues to gain traction.

Comirnaty & Paxlovid

Both its adjusted earnings per share and revenue beat analysts’ consensus estimates. Adjusted EPS rose 129% on revenue growth of 134% compared to the year-ago quarter. It was the fastest pace of quarterly revenue growth in at least the past three years and was primarily driven by sales of Pfizer’s COVID-19 vaccine. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.

• On Nov. 2, 2021, Pfizer reported financial results for the third quarter of FY 2021, ended Oct. 3, 2021.
• I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
• In addition to the blockbusters mentioned earlier in this article, the company also makes cardiovascular drug Eliquis and immunology drug Xeljanz.
• This outlook reflects expected revenues of $32 billion generated by sales of Comirnaty and $22 billion by sales of Paxlovid.
• Pfizer’s stock hit an all-time high price of $61.71 on Dec. 20.
• Pfizer’s stock is owned by a variety of institutional and retail investors.
• I was already a full-time investor and trader before I joined Seeking Alpha as a contributor.

The agency will add 20 positions to its “Crypto Assets and Cyber Unit,” bringing its total to 50. Effective February 28, 2011 Pfizer Inc. completed its acquisition of King Pharmaceuticals, Inc. Pursuant to the terms of the merger, former King shareholders will receive $14.25, net in cash for each share of King common stock they owned as of the effective date.

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It engages in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products worldwide. The firm works across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases. The company was founded by Charles Pfizer Sr. and Charles Erhart in 1849 and is headquartered in New York, NY. Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.

PFE also established a notable improvement in its Phase 2 clinical trials success rates, from 17% in 2017 to 53% in 2020, achieving phenomenal success rates beyond the industry average of 30%. In 2021, the company also aims to reduce product development timelines by 2.5 years from the historical 9.4 years. As a result of its heavy investment into R&D processes, we can expect PFE to launch more products at a faster rate moving forward.

The pharmaceutical titan generated a whopping $13.2 billion in revenue from the Comirnaty vaccine and $1.5 billion from its Paxlovid antiviral treatment. Rose 2% on Tuesday after the drugmaker reported strong first-quarter growth. Revenues are still expected in the range of $98.0 billion to $102.0 billion. The mid-point of the revenue guidance indicates operational growth of 27% from the 2021 levels. Pfizer maintained its previously issued sales guidance for 2022 while lowering its earnings per share expectations. Vaccine revenues were $14.9 billion compared with $4.9 billion in the year-ago quarter.

Can I Buy Or Sell Stock Directly Through Pfizer?

So, Pfizer’s earnings per share came in higher than the analyst thought they would. Several institutional investors and hedge funds have recently made changes to their positions in PFE. OLD Mission Capital LLC acquired a new stake in Pfizer in the third quarter valued at $291,000. Morgan Stanley raised its stake in Pfizer by 3.4% during the second quarter.

Is Pfizer Stock Worth Considering Post Upbeat Q1 Results?

As a result, it will focus on branded drugs with stronger margins and potentially accelerated growth moving ahead. The company also said it made adjusted earnings per share of $1.08 for the fourth quarter. Industry analysts thought Pfizer would only report$.85 per share.

What you may find interesting is that industry analysts have more optimistic forecasts for 2022 than Pfizer stock. For the year, analysts think the company will report earnings per share of$7.26. On Feb. 8, after the company missed Q4 revenue expectations but beat non-GAAP EPS estimates. The COVID-19 vaccine maker also set FY22 revenue guidance ($98.0B to $102.0B) lower than the consensus ($105.90B).

(0.15%), DekaBank Deutsche Girozentrale (0.15%) and New York State Teachers Retirement System (0.12%). Company insiders that own Pfizer stock include Alexander R Mackenzie, Douglas M Lankler, Jennifer B Damico, John D Young, Pfizer Inc and Ronald E Blaylock. Pfizer announced a quarterly dividend on Thursday, April 28th. Shareholders of record on Friday, May 13th will be given a dividend of $0.40 per share on Friday, June 10th.

Pfizer has become one of the biggest pharmaceutical companies in the world, with a market capitalization of 1. arabic casino 3 billion as of Nov. 3, 2021. In March, the company struck an agreement with Unicef to supply up to 4m treatment courses of Paxlovid to 95 low- and middle-income countries at a not-for-profit price. Pfizer has made tens of billions of dollars during the pandemic from its Covid-related products, as has the Boston-based biotech firm Moderna, which was loss-making until it started selling a Covid-19 vaccine. Pfizer has made nearly $26bn (£21bn) in revenues in the first three months of the year, the bulk from its Covid-19 vaccine and new pill to treat the virus, prompting fresh accusations of pandemic profiteering. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.