Pfizer (PFE) is Reiterated by Jefferies to Buy, Lowers Price Target to $ 40

Pfizer (PFE) was Reiterated by Jefferies to “Buy” while Lowering the Price Target of the company shares to $ 40 from a previous price target of $42 . Jefferies advised their investors in a research report released on Jun 20, 2016.

Many Wall Street Analysts have commented on Pfizer. Berenberg Initiated Pfizer on May 12, 2016 to “Hold”, Price Target of the shares are set at $38.Company shares were Reiterated by UBS on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $36 .Goldman Resumed Pfizer on Apr 18, 2016 to “Neutral”, Price Target of the shares are set at $35.

On the company’s financial health, Pfizer reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $13005.00 million for the quarter, compared to analysts expectations of $12008.32 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Pfizer closed down -0.53 points or -1.53% at $34.22 with 3,36,08,565 shares getting traded on Friday. Post opening the session at $34.78, the shares hit an intraday low of $34.055 and an intraday high of $34.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 27, 2016, Frank A Damelio (Executive Vice President) sold 100,000 shares at $34.49 per share price. According to the SEC, on May 26, 2016, Loretta V Cangialosi (Sr. Vice President, Controller) sold 86,000 shares at $33.97 per share price. On May 12, 2016, Laurie J Olson (Executive Vice President) sold 4,700 shares at $33.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Pfizer Inc. is a global biopharmaceutical company. The Company is engaged in discovering developing and manufacturing of healthcare products. Its products include Lyrica the Prevnar family of products Enbrel Celebrex Lipitor Viagra Zyvox Sutent EpiPen Toviaz Tygacil Rapamune Xalkori Inlyta Norvasc BeneFIX Genotropin and Enbrel among others. It operates in three segments: Global Innovative Pharmaceutical segment (GIP) Global Vaccines Oncology and Consumer Healthcare segment (VOC) and Global Established Pharmaceutical segment (GEP). GIP is focused on developing registering and commercializing medications in therapeutic areas such as inflammation cardiovascular/metabolic neuroscience and pain rare diseases and women’s/men’s health. VOC focuses on the development and commercialization of vaccines and products for oncology and consumer healthcare. GEP includes its sterile injectable products and bio similar development portfolio. Its subsidiary is Hospira Inc.


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