How to Buy Pfizer Stock
Pfizer Inc
Pfizer is a general drug manufacturer company located in New York, United States, which is part of the Healthcare sector, and is traded under the ticker PFE on the NYSE exchange.
Pfizer stock last closed at $25.40, up 0.55% from the previous day, and has decreased 34.25% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.47 percentage points. Pfizer stock is currently +0.79% from its 52-week low of $25.20, and -37.07% from its 52-week high of $40.37.
As of Apr 26, 2024, there are 5.65B shares of PFE outstanding. The market cap of PFE is $143.43B. In the last 24 hours, 46.01M PFE shares were traded.
How to Buy Pfizer Stock
Wondering how to invest in Pfizer stock? Here's how.
- Figure out where to buy Pfizer stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Pfizer stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your payment method and add your information.
- Analyze Pfizer stock: The Pfizer ticker symbol is PFE. Is Pfizer stock a good investment? Should you buy shares of PFE? How do PFE's underlying business fundamentals look? Do top analysts think Pfizer is a good buy? Why has PFE's stock price moved recently? (Hint: Our stock research website can help you understand if PFE is a good stock to buy).
- Make your PFE trade: Decide if you will purchase PFE shares at the current market price or use a limit order to purchase PFE shares at a particular price.
- Get the latest scoop on your PFE position: Create a watchlist to keep track of your investment in Pfizer stock.
Step 1: Figure out where to buy Pfizer stock
You will need an online brokerage account to access the NYSE market and buy PFE stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal info so you are able to invest in PFE today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new brokerage account.
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Step 3: Fund your investment account
Now that you have filled out your info on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring funds into your new investment account.
Step 4: Analyze Pfizer stock
After you have figured out the best place to buy Pfizer stock, it's very important to research their stock prior to investing, so you truly understand the risk as well as the upside.
Pfizer shares data
PFE Due Diligence Checks
WallStreetZen was created to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on PFE's stock page.
What is the fair value of PFE stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PFE's intrinsic value.
Using relative valuations metrics:
- PFE could be undervalued based on its P/E ratio of 66.84x, relative to Drug Manufacturers - General industry P/E ratio of 159.81x
- PFE may be undervalued based on its P/B ratio of 1.61x, relative to Drug Manufacturers - General industry P/B ratio of 6.13x
- PFE may be undervalued based on its PEG ratio of 0.66x
You can do more valuation research on PFE's stock here.
PFE Financials at a glance
Passed Health Checks:
- PFE earnings of $1.00B is not enough to cover its interest payments.
Failed Health Checks:
- Total PFE debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the PFE balance sheet.
- PFE has a relatively high debt to equity ratio of 1.54.
- There are more short-term liabilities than short-term assets on the PFE balance sheet.
- PFE's operating cash flow of $8.70B allows it to safely service it's debt of $71.89B.
- PFE profit margin has gone down from 31.3% to 3.6% in the past year.
Is it a good time to buy PFE stock, according to analysts?
Out of 7 Equities analysts who give ratings on PFE, the consensus analyst rating on PFE is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PFE Analyst Recommendations
Carter Gould, a top 21% analyst from Barclays maintains PFE with a hold rating and lowers their PFE price target from $34.00 to $28.00, on Dec 14, 2023.
Barclays's Carter Gould lowered their price target on Pfizer (NYSE: PFE) by 17.6% from $34 to $28 on 2023/12/14. The analyst maintained their Hold rating on the stock.
In an unusual move, on 2023/12/13, Pzifer management updated its FY 2024 guidance well in advance of the date [2024/01/29] of the company's next quarterly report - for Q4 and FY 2023.
Gould said their price target cut reflected the fact that FY 2024 guidance "disappointed as Pfizer once again attempts to reset the conversation."
Footnotes
In its press release and call with analysts, Pzifer guided for FY 2024:
- Revenue of $58.5B to $61.5B, up from the previously guided $54.5B to $57.5B.
- EPS of $2.05 to $2.25, down 15.7% at the midpoint from the previously guided $2.45 to $2.65.
Making the announcement, Chairman & CEO Dr. Albert Bourla said: “Pfizer’s product portfolio remains strong.
"In 2024, Comirnaty and Paxlovid are expected to deliver combined revenues of approximately $8 billion and our remaining portfolio of combined Pfizer and Seagen products is expected to achieve year-over-year operational revenue growth in the range of 8% to 10%.
“In addition, we expect our cost realignment program to deliver savings of at least $4.0 billion by the end of 2024, which puts us on a path to potentially regain our pre-pandemic operating margins.
“We look forward to joining forces with Seagen and using our combined strengths to bring us ever closer to delivering long-promised cures for certain cancers.”
Terence Flynn, a top 7% analyst from Morgan Stanley maintains PFE with a hold rating and lowers their PFE price target from $39.00 to $37.00, on Nov 1, 2023.
You can dig deeper into what analysts are saying on the Pfizer stock forecast page.
PFE Momentum
Is PFE Making Money?
Last year, PFE earnings were $2.12B. Over the past 5 year, PFE's earnings have grown by -27.52% per year. This was slower than the Drug Manufacturers - General industry average of 0.54%.
Last year, PFE revenue was $58.50B. During the last 5 year, PFE's revenue has gone up by 7.46% per year. This was faster than the Drug Manufacturers - General industry average of 7.18%.
You can research PFE's earnings and revenue performance here.
Who is buying/selling PFE?
In the past 12 months, executives and large shareholders at PFE have sold more shares than they have bought.
Christoffel Boshoff, Executive Vice President of PFE, was the latest PFE insider to sell. They sold $112,216.00 worth of PFE shares on Feb 28, 2024.
Get more info about who owns PFE stock here.
Can I rely on PFE as an income stream?
Pfizer pays a dividend of 6.5%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.4%. If you owned $1,000 of PFE stock, you would have been paid $64.96 last year.
Pfizer dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Pfizer dividend yield and history here.
PFE Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your PFE trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you need more info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your PFE position
Now that you own some PFE stock, you'll want to stay up-to-date on your investment.
Create a watchlist to see the latest developments about your PFE stock.
PFE Feed
How to Buy Stock in Pfizer
To summarize, here are the 6 steps to buy stock in Pfizer:
- Figure out where to buy Pfizer stock
- Create your brokerage account
- Fund your investment account
- Analyze Pfizer stock
- Make your PFE trade
- Get the latest scoop on your PFE position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Pfizer, get started below.
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