The European Medicines Agency has recommended the use of Pfizer's gene therapy for a rare bleeding disorder called hemophilia B, which typically requires regular infusions of a blood-clotting protein, the regulator said on Friday.
Pfizer's dividend yield is rising as the stock price is falling.
CNBC will be on the ground at the ASCO annual meeting in Chicago. Meanwhile, Epic released a free tool set to help health systems evaluate AI models.
Zacks.com users have recently been watching Pfizer (PFE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Investors looking for dividend stocks have probably noticed Pfizer and Walgreens Boots Alliance offer above-average yields. Walgreens Boots Alliance stock is under pressure after shutting down an initiative that would have made it more than just a retail pharmacy chain.
A monthly chart of PFE using Worden's TC2000 Gold shows the stock oversold on a monthly basis. A stock with a 5.8-6% dividend yield in today's market immediately draws attention. Is the dividend sustainable, and will the pharma giant be able to sustain the current $0.42 per quarter ($1.68 per year) dividend pace and also continue to boost that dividend at a $0.04 per year (one penny per quarter) rate?
Pfizer's stock has hit bottom and could see a boost from bird flu fears. Covid-related sales now account for less than 15% of Pfizer's total revenues, de-risking the investment story. Pfizer is cutting $4 billion in annual costs and has raised its EPS target for the year.
Pfizer sells more innovative new medicines than any of its peers. Pfizer has raised its dividend payout every year since 2009.
Pfizer's revenue and net income are moving in the wrong direction. However, the drugmaker has been rejuvenating its pipeline.
Pfizer stock is at its lowest price in over 11 years, presenting a potential buying opportunity. The company's valuation is near historically low levels, and consensus analysts expect earnings to stabilize. The structure of price on the chart suggests that Pfizer may see a bounce and potentially reach the $36-$44 range.
Pfizer's recent slump is understandable and not likely a long-term issue. Veeva Systems has a lot to offer its 1,400-plus customers, and they tend to stick around.
This is the second cost-reduction program undertaken by Pfizer (PFE) in the past year. The first phase of this program is expected to save nearly $1.5 billion by 2027-end.