BMO Capital Issues a Buy Rating on Pfizer

By Jason Carr

BMO Capital analyst Alex Arfaei assigned a Buy rating to Pfizer (NYSE: PFE) today and set a price target of $39. The company’s shares closed on Friday at $35.18.

According to TipRanks.com, Arfaei is a 3-star analyst with an average return of 2.6% and a 52.5% success rate. Arfaei covers the Healthcare sector, focusing on stocks such as Kindred Biosciences, Merck & Company, and Eli Lilly & Co.

Currently, the analyst consensus on Pfizer is Moderate Buy and the average price target is $39.89, representing a 13.4% upside.

In a report issued on October 31, Piper Jaffray also reiterated a Buy rating on the stock with a $54 price target.

Pfizer’s market cap is currently $209.2B and has a P/E ratio of 21.72. The company has a book value ratio of 3.5860.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock.

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