Pfizer on the Street: Analyst Recommendations in February 2018
PFE’s recent developments
In January 2017, Pfizer (PFE) and Sangamo Therapeutics (SGMO) entered into a collaboration agreement for the development of a potential gene therapy utilizing ZFP-TFs (zinc finger protein transcription factors) for the treatment of ALS (amyotrophic lateral sclerosis) and FTLD (frontotemporal lobar degeneration) linked to mutations of the C9ORF72 gene.
According to the terms of the agreement, Sangamo Therapeutics will receive an upfront payment of $12 million from Pfizer. Sangamo, using its ZFP-TF platform, will develop ZFP-TF candidates, while Pfizer will undertake operational and financial responsibilities for the further research and development, manufacturing, and commercialization of the ZFP-TF program.
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Sangamo therapeutics will also receive development and commercial milestone payments of up to $150 million, along with royalties on sales revenues.
With this agreement, Pfizer is expected to establish a strong foothold in gene therapy.
PFE’s analyst recommendations
Of the 23 analysts tracking Pfizer (PFE) stock in February 2018, two recommended a “strong buy,” while ten analysts recommended a “buy.” Nine analysts recommended a “hold,” while two analysts recommended a “strong sell” for Pfizer stock.
On February 12, 2018, Pfizer had consensus 12-month target price of $40.25, which represents ~16.5% return on investment over the next 12 months.
Peer recommendations and ratings
By comparison, of the 23 analysts tracking Johnson & Johnson (JNJ) stock in February 2018, ~52% of the analysts recommended some form of a “buy.” On February 12, 2018, Johnson & Johnson had a consensus 12-month target price of $14.77, which represents a ~14.8% return on investment over the next 12 months.
Of the 22 analysts tracking Merck (MRK) stock in February, around 59% of the analysts recommended some form of a “buy.” On February 12, 2018, Merck had consensus 12-month target price of $67.0, which represents a ~20.1% return on investment over the next 12 months.
For ongoing updates on Pfizer and its industry peers, keep checking in with Market Realist’s Pharmaceuticals page.