Market Update (NYSE:PFE): Pfizer Invites Public To View And Listen To Webcast Of February 2 Conference Call With Analysts

[Business Wire] – Pfizer Inc. invites investors and the general public to view and listen to a webcast of a conference call with investment analysts at 10 a.m. EST on Tuesday, February 2, 2016. The purpose of the call is to provide an update on Pfizer’s results, as reflected in the company’s Fourth Quarter 2015 Performance Report, to be issued that morning. Read more on this. Pfizer Inc. (PFE) , valued at $200.61B, began trading this morning at $32.58. A quick look at the market, the company’s stock traded between $32.45 and $32.62 with a one year range of $28.47 to $36.46. PFE shares are currently priced at 14.89x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -2.78x forward p/e ratio. The company pays shareholders $1.20 per share annually in dividends, yielding 3.75%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.52 per share, which would be $0.02 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.18 is a $0.08 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.54 Billion. If realized, that would be a 3.28% increase over the year-ago quarter. More recently, Piper Jaffray Initiated PFE at Overweight (Jun 17, 2015). Previously, Citigroup downgraded PFE from Buy to Neutral. With the above information in mind, readers should note that the average price target is $40.44, which is 24.13% above where the stock opened this morning. See more in (NYSE:PFE) Similar Articles: Market Update: Pfizer Inc (NYSE:PFE) – Pfizer’s Phase 2 Study Demonstrates Safety, Tolerability and Immunogenicity of TRUMENBA® When Coadministered with Meningococcal A, C, Y and W-135 Polysaccharide Conjugate (MCV4) and Tetanus, Diphtheria and Pertussis (Tdap) Vaccines in Adole Market Update (NYSE:PFE): Pfizer Invites Public To View And Listen To Webcast Of Pfizer Presentation At Healthcare Conference Stock Update: Pfizer Inc (NYSE:PFE) – Pfizer Invites Public To View And Listen To Webcast Of July 28 Conference Call With Analysts