Pfizer (PFE) Gets a Buy Rating from Cantor Fitzgerald

By Austin Angelo

In a report released today, Louise Chen from Cantor Fitzgerald reiterated a Buy rating on Pfizer (PFEResearch Report), with a price target of $53. The company’s shares opened today at $44.08.

Chen noted:

“We reiterate our OW and think respectable earnings growth, driven by Innovative Medicines, pipeline advancements, and return of capital to PFE’s shareholders — above the industry average — are all underappreciated. Therefore, we believe multiple expansion and upward earnings revisions should drive PFE shares higher. Valuation Summary We use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $53.”

According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.2% and a 35.8% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Amneal Pharmaceuticals Inc, and Aridis Pharmaceuticals Inc.

Currently, the analyst consensus on Pfizer is a Hold with an average price target of $44.44.

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Pfizer’s market cap is currently $256.7B and has a P/E ratio of 11.24. The company has a Price to Book ratio of 3.60.

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