Thinking of buying or adding to your portfolio a biopharmaceutical company shares that pays dividend? PFE stock looks more suitable for your investment objective.
In this article, you will know what to consider before buying Pfizer stock (PFE), how you can buy the stock, whether it is a good buy now or future, and PFE stock price prediction covering 10 year.
What is PFE Stock?
PFE Stock is a financial instrument of Pfizer Inc., through which it sells shares of stock in the New York Stock Exchange (NYSE) under the ticker symbol ‘PFE.’ It has market capitalization of $254.48 billion with 21.1 PE ratios which is above the market average.
Pfizer is an American multinational pharmaceutical and biotechnology company established in 1849 with headquarters in New York City. The Company is involved in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products.
Is PFE Stock Publicly Traded?
Yes. Pfizer stock became publicly traded in June 22, 1942, when 240,000 shares of new common stock were offered to the public. The $5.9 million IPO, and sold at $24.75 per share and in the first day reached market cap of $12.4 million.
Is PFE a Dividend Stock?
The company pays dividend on your portfolio. It recently announced a quarterly dividend such that investors may earn dividend of $0.40 per share on September 6th 2022. The figure represents a $1.60 dividend per annum which is about 3.50% yield.
Is PFE Stock a Good Buy?
PFE is a share of a blue-chip company. PFE shares have a composite rating of 86 out of a best-possible 99. The measure weighs a stock’s key growth metrics against all other stocks and its stock has a relative strength (RS) rating of 51 out of a best-possible 99.
A team of 11 Penworld Gurus analysts carried out a buy assessment of the PFE Stock, 6(54.5%) support a strong buy, 4(36.3%) support a buy, 1(9.9%) supports a sale, and 0(0%) supports a hold.
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PFE commands some positive growth signals. It looks a buy at any moment because of its growth potential and good dividend package. Pfizer parades a number of blockbuster drugs and other products that generate annual revenues of more than $1.3 billion.
The company reported $2.04 earnings per share (EPS) for the quarter of 2022, beating the consensus estimate of $1.95 by $0.09 which is a 92 out of a best-possible 99 in terms of profitability rate.
We conclude that PFE is a buy candidate now and into the future as it holds short and long terms growth potential.
How you can Buy PFE Stock
Shares of PFE can be purchased through any online brokerage account.
Popular online brokerage that trades in PFE with access to the NYSE market include SoFi Invest, eToro, tastyworks, J.P. Morgan, Robinhood, and ally invest.
To buy the PFE Stock you must follow the steps below:
Step 1: Compare Trading Platforms
This will help you make a good choice of brokerage that suits your investment target. Use some comparison tables to help you find a platform that fits your investment goals.
Step 2: Open Your Brokerage Account.
Ensure your broker is the one with access to the NYSE. Then open a trading account to facilitate the transaction.
This is your trading account to be opened with the brokerage firm. You must complete an application with your details and follow other procedures required by your broker.
Step 3: Confirm Your Payment Details.
You need to deposit sufficient money to your account so that you can trade. Ensure your payment detail is correct before you make such transfer using appropriate payment means.
Step 4: Research the Stock
Conduct a research online to locate the stock you want to buy. Find the stock by name or ticker symbol, in this case -PFE- and research it before deciding if it is a good investment for you now.
Step 5: Purchase PFE Stock Now or Later
You log in to your online brokerage, search for Pfizer share, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares.
Buy your preferred quantity of PFE stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Step 6: Review Your PFE Investment Regularly.
Optimize your portfolio by tracking your stock regularly so as to know when your investment target is attained and when to alter your investment strategy.
PFE Stock Price Prediction 2022, 2023-2033
The prediction used Moving Average and Discounted Cash Flow (DCF) Models on PFE historical price data to evaluate the fundamentals of Pfizer stock and arrived at the following conclusions.
PFE Stock Price Prediction 2022
PFE Stock price is estimated to reach maximum at $76.52 by the end of 2022.
The price is estimated to drop to as low as $39.78
The price is expected to reach $58.15 on average. This means PFE price value will significantly exceed $55.00 per share by the end of the year. Average price volatility is measured at 6.11%.
PFE Stock Price Prediction 2023
Due to the prevailing internal dynamics and favourable fundamentals PFE will maintain upward spring.
In 2023, the price of PFE Stock is expected to reach a maximum value of $103.67 and minimum price is estimated as $63.80. The average price is estimated as $83.73 with average volatility measured at 7.5%.
PFE Stock Price Prediction 2024
In 2024, analysts predict that PFE Stock’s maximum trading price will reach $136.85 and the minimum price is projected to hit $70.21.
The average price is estimated at $103.53 in the year, meaning that PFE stock will trade at a region above $100.00, given average price volatility as 6.19%.
PFE Stock Price Prediction 2025
The year 2025 is expected to end with a maximum price of $165.73 and a minimum price value of $84.30. The average price is projected to reach $125.02 with average price volatility at 5.3%.
PFE Stock Price Prediction 2026
A technical analysis by our stock experts shows that the price of PFE Stock in 2026 is expected to attain $101.56 minimum and $189.91 maximum.
The expected average trading price-value is $145.73 with volatility measured at 7.05% during the year.
PFE Stock Price Prediction 2027
Based on the prevailing positive signals for Pfizer stock, its price is predicted to go up to a minimum of $137.79 and reaching a peak at $223.48. Average price is estimated at $180.63 in 2027.
Average price volatility is measured at 7.41%. There is evidence that the price of PFE will reach $180.00 per share in the year 2027, that is, 5 years to come.
PFE Stock Price Prediction 2028
The year 2028 will maintain the growing tendency of PFE. It is expected to reach a maximum of $252.63 and a minimum of $148.94.
The expected average trading price is around $200.78 with 6.50% average price volatility for the year. There is evidence that PFE will trade at $200.00 per share in 2028.
PFE Stock Price Prediction 2029
There is a more stable price through the year. It is assumed that in 2029 there will be $173.68 minimum price and $284.59 maximum price value.
On the average, the trading price will be around $229.13 as the PFE Stock looks bullish in the face of high volatility of minimal volatility measured at 5.30% on the average. There is evidence that PFE will reach $230.00 this year.
PFE Stock Price Prediction 2030
The stock’s prevailing price range will be attractive to investors and inspire aggressive investors to put money in order to reap the double-edge rewards of both appreciation and dividend.
Experts predict that PFE Stock will attain $306.54 by the year 2030 with the minimum price value expected to hit $194.61.
The average price of PFE is estimated at $250.57, which means that it will trade at $250.00 per share in the year 2030. Average price volatility is measured at 7.02%.
PFE Stock Price Prediction 2031
It is estimated that by the end of 2031 PFE stock will trade between $219.47 and $348.34.
On the average the Applovin Stock will trade at $283.90 in 2029. Average Price volatility is estimated at 5.23% during the year.
PFE Stock Price Prediction 2032
In 2032, minimum projection is $237.68 with the possible peak reaching $386.55On the average, it is expected that the price is around $312.11 in 2032.
Average price volatility is measured at 6.45%. There is evidence that PFE will exceed $310.00 per share in the year.
PFE Stock Price Prediction 2033
Technical analyses by our stock experts’ reveals that the price of PFE Stock in 2033 is expected to reach $254.86 minimum and $415.27 maximum.
The expected average trading price of PFE Stock is $335.06 and the average price volatility is around 6.58%. There is evidence that in 10 years to come PFE will trade at $335.00 per share.
Therefore, your $1000 investment in PFE today at ($46.13 per share) will give you $7,262 in 2033, that is, 10 years to come.