Pfizer Inc. (NYSE: PFE) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Pfizer Recommends Shareholders Reject the Below-Market Mini-Tender Offer by TRC Capital Investment Corporation.

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Stocks Info

Pfizer Inc. is listed on the NYSE in the Healthcare sector while operating in the Drug Manufacturers – General industry. At the end of the last regular session, the stock closed at $28.09 and fluctuated between $28.13 as its day high and $27.60 as its day low. The current market capitalization of Pfizer Inc. is $158.61B. A total of 50.23 million shares were traded on the day, compared to an average of 41.04M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PFE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 37 SELLs from insiders. Insiders purchased 369,868 shares during that period but sold 545,539.

In the most recent transaction, Gottlieb Scott bought 3,000 shares of PFE for 26.47 per share on Dec 15. After the transaction, the Director now owns 9,000 company shares. In a previous transaction on May 08, Gottlieb Scott bought 1,000 shares at 38.58 per share. PFE shares that Director owns now total 6,000.

Among the insiders who bought shares, Gottlieb Scott acquired of 1,000 shares on May 05 at a per-share price of $38.42. This resulted in the Director holding 5,000 shares of PFE after the transaction. In another insider transaction, PFIZER INC bought 1,811,594 shares at $2.76 per share on Mar 17. Company shares held by the 10% Owner now total 5,952,263.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Pfizer Inc. pays an annual dividend of $1.65, resulting in a dividend yield of 5.88%, and it has a price to earnings (P/E) ratio of 15.43. PFE’s most recent ex-dividend date was 1/25/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/4/2023 with an ex-dividend date of 11/9/2023. The PFE stock dividend was $0.41 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PFE in the last 3 months, the mean price target is $31.37 with high estimates of $45.00 and low estimates of $23.00. In terms of 52-week highs and lows, PFE has a high of $45.85 and a low of $25.76.

As of this writing, PFE has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.55. The company reported an EPS of $0.67 in the last quarter, which was 17.50% higher than expectations of $0.57.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PFE’s latest balance sheet shows that the firm has $31.07B in Cash & Short Term Investments as of fiscal 2021. There were $37.00B in debt and $42.67B in liabilities at the time. Its Book Value Per Share was $17.17, while its Total Shareholder’s Equity was $77.46B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PFE is Buy with a score of 3.76.

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