Pfizer Sees Significant Growth in Short Interest (PFE)
Pfizer (NYSE:PFE) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 72,619,112 shares, an increase of 19.2% from the July 15th total of 60,916,961 shares, AnalystRatingsNetwork.com reports. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 26,835,170 shares, the days-to-cover ratio is currently 2.7 days.
A number of research firms have recently commented on PFE. Analysts at BMO Capital Markets downgraded shares of Pfizer from an “outperform” rating to a “market perform” rating in a research note on Monday, July 28th. They now have a $31.00 price target on the stock, down previously from $34.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Pfizer in a research note on Monday, July 14th. They now have a $38.00 price target on the stock, up previously from $36.00. Finally, analysts at Barclays raised their price target on shares of Pfizer from $32.00 to $34.00 in a research note on Wednesday, July 2nd. They now have an “equal weight” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $33.97.
Pfizer (NYSE:PFE) opened at 28.21 on Thursday. Pfizer has a 52-week low of $27.76 and a 52-week high of $32.96. The stock has a 50-day moving average of $29.66 and a 200-day moving average of $30.47. The company has a market cap of $178.9 billion and a price-to-earnings ratio of 17.64.
Pfizer (NYSE:PFE) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter last year, the company posted $0.56 earnings per share. Pfizer’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Pfizer will post $2.25 earnings per share for the current fiscal year.
Pfizer Inc (NYSE:PFE) is a research-based, global biopharmaceutical company.
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