Pfizer Stock Hits New 52-Week High (PFE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Pfizer (NYSE: PFE) hit a new 52-week high Friday as it is currently trading at $24.64, above its previous 52-week high of $24.48 with 11.7 million shares traded as of 10:06 a.m. ET. Average volume has been 31.4 million shares over the past 30 days.

Pfizer has a market cap of $180.46 billion and is part of the health care sector and drugs industry. Shares are up 11.6% year to date as of the close of trading on Thursday.

Pfizer Inc., a biopharmaceutical company, engages in the discovery, development, manufacture, and sale of medicines for people and animals worldwide. The company has a P/E ratio of 20.5, above the average drugs industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pfizer as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Pfizer Ratings Report.

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