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PFE-PFIZER INC
Pfizer Remains an Attractive Investment with Strong Dividend Yield and Promising Oncology Growth Despite Recent Stock Declines
Thursday
05 December, 2024
Despite recent stock declines, Pfizer's commitment to a 6.7% dividend yield and a thriving oncology division signal resilience and potential growth. Can a strategic pivot in cancer therapies and an ambitious acquisition reshape investor confidence in the pharmaceutical giant?
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Key Takeaways
- Pfizer offers a high dividend yield of around 6.7% with a strong history of annual increases.
- The oncology sector is experiencing significant growth, with a 31% increase in sales from key therapies.
- Analysts forecast a solid annual earnings growth of 10-11% in the coming years.
- The recent acquisition of Seagen for $43 billion is expected to boost Pfizer's growth potential.
- With a low forward P/E ratio of approximately 8.8, Pfizer is seen as undervalued in the market.
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