Is Pfizer Stock an Underrated Healthcare Investment Play?
Pharmaceutical giant Pfizer (NYSE: PFE) recently had to drop its internally developed GLP-1 weight loss drug candidate. The unfortunate outcome is that the company has had to watch rivals Novo Nordisk and Eli Lilly build early leads in this fast-growing drug niche.
With Pfizer facing patent expirations ahead -- and now this GLP-1 setback -- Wall Street remains downbeat on the stock. But that's a potential opportunity for long-term investors.
Pfizer's dividend yield is a lofty 6.2%. That's well above the 1.1% yield offered by the S 500 index and the 1.7% yield of the average pharmaceutical stock. And the company recently provided longer-term financial guidance that included a commitment to maintaining the dividend.
Source Fool.com
Pfizer Inc. Stock
€22.63
-1.100%
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 27 € there is a slightly positive potential of 19.34% for Pfizer Inc. compared to the current price of 22.63 €.
