Pfizer Inc.: The Winning Streak Continues

Shares of Pfizer Inc. PFE traded today at $55.70, eclipsing its 12-month high. Approximately 40.2 million shares have changed hands today, as compared to an average 30-day volume of 35.7 million shares.

Pfizer Inc. is currently priced 50.7% above its average consensus analyst price target of $26.50.

Pfizer is one of the world’s largest pharmaceutical firms, with annual sales close to $50 billion (excluding COVID-19 vaccine sales). While it historically sold many types of healthcare products and chemicals, now, prescription drugs and vaccines account for the majority of sales. Top sellers include pneumococcal vaccine Prevnar 13, cancer drug Ibrance, cardiovascular treatment Eliquis, and immunology drug Xeljanz. Pfizer sells these products globally, with international sales representing close to 50% of its total sales. Within international sales, emerging markets are a major contributor.

In the past 12 months, Pfizer Inc. share prices are bracketed by a low of $33.36 and a high of $55.70 and are now at $53.73, 61% above that low price.

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