Pfizer Inc. (NYSE:PFE) traded at a new 12-month high today of $57.99. Approximately 26.9 million shares have changed hands today, as compared to an average 30-day volume of 46.2 million shares.
Pfizer Inc. defies analysts with a current price ($57.42) 52.9% above its average consensus price target of $27.02.
Pfizer is one of the world’s largest pharmaceutical firms, with annual sales close to $50 billion (excluding COVID-19 vaccine sales). While it historically sold many types of healthcare products and chemicals, now, prescription drugs and vaccines account for the majority of sales. Top sellers include pneumococcal vaccine Prevnar 13, cancer drug Ibrance, cardiovascular treatment Eliquis, and immunology drug Xeljanz. Pfizer sells these products globally, with international sales representing close to 50% of its total sales. Within international sales, emerging markets are a major contributor.
In the past 12 months, shares of Pfizer Inc. have traded between a low of $33.36 and a high of $57.99 and are now at $57.42, which is 72% above that low price.
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