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Stock Update (NYSE:PFE): Pfizer’s opioid painkiller can be manipulated for abuse – FDA

[Reuters] – An experimental, long-acting opioid painkiller from Pfizer Inc showed potential to deter abuse but can be manipulated, according to a preliminary review by the U.S. Food and Drug Administration. The abuse deterrence mechanism relies on incorporation of naltrexone into the drug product pellets. The drug is designed such that if the pellets are crushed in an attempt to abuse the painkiller, naltrexone is released to counteract the effects of oxycodone. Read more on this. Pfizer Inc. (PFE) , with a current market cap of $211.64B, started the session at $34.70. Looking at today’s trading action, the company’s one day range from $34.62 to $34.99 with a one year range of $28.25 to $36.46. PFE shares are currently priced at 14.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -0.21x earnings multiple. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 3.46%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.44 is a $0.24 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.94 Billion. If reported, that would be a 9.20% increase over the year-ago quarter. Recently, Berenberg Initiated PFE at Hold (May 12, 2016). Previously, Sun Trust Rbsn Humphrey upgraded PFE from Reduce to Neutral. Investors should keep in mind is that the average price target is $38.67, which is 11.44% above where the stock opened this morning. See more in (NYSE:PFE) Similar Articles: Stock Update: Pfizer Inc (NYSE:PFE) – Pfizer Invites Public to Listen to Webcast of April 28 Annual Meeting of Shareholders Stock Update (NYSE:PFE): Pfizer Invites Public to View and Listen to Webcast of Pfizer Presentation at Healthcare Conference Market Update: Pfizer Inc (NYSE:PFE) – Pfizer Receives Expanded FDA Approval For IBRANCE (palbociclib) In HR+, HER2- Metastatic Breast Cancer
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