NEW YORK (TheStreet) -- Pfizer (PFE) - Get Report shares closed Wednesday's trading session up 1.26% to $31.41 after the New York-based drug maker lifted its full-year revenue and adjusted its earnings outlooks.
The company now expects revenue for the full year to be between $46.5 billion and $47.5 billion, up from its previous outlook range of $45 billion to $46 billion.
Earnings for the year is now expected to be between the range of $2.04 a share to $2.10 a share, an increase from its previous rage of $2.01 a share to $2.07 a share.
This revision includes the recently-closed $16 billion acquisition of smaller rival Hospira on September 3, the company said.
Pfizer is a bio-pharmaceutical company that discovers, develops, manufactures, and sells healthcare products worldwide.
Separately, TheStreet Ratings team rates PFIZER INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate PFIZER INC (PFE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- The current debt-to-equity ratio, 0.53, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, PFE has a quick ratio of 1.62, which demonstrates the ability of the company to cover short-term liquidity needs.
- Net operating cash flow has remained constant at $4,090.00 million with no significant change when compared to the same quarter last year. Along with maintaining stable cash flow from operations, the firm exceeded the industry average cash flow growth rate of -10.20%.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- The gross profit margin for PFIZER INC is currently very high, coming in at 84.72%. Regardless of PFE's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, PFE's net profit margin of 22.16% compares favorably to the industry average.
- You can view the full analysis from the report here: PFE