Pfizer (PFE)

Buy Pfizer shares Learn how to make it easy!

Last update

18.01.23

Buy Pfizer Stock 2023: Detailed Guide with the Best Brokers

Numerous dividend, pharmaceutical, and healthcare index funds and ETFs are linked when buying shares of Pfizer, often in the news for its advances in the medical field. However, the company saw a surge in demand due to the COVID-19 vaccine during the pandemic.

Instead of focusing on Pfizer's recent performance and buying Pfizer stock, smart investors should consider what's ahead and whether the stock makes sense for their portfolio. Today we'll comment a bit on the performance of Pfizer shares and how to buy them.

Pros

  • Excellent fundamentals
  • Worldwide recognition and prestige
  • Good entry price
  • The first vaccine against COVID

Cons

  • Its price has been falling
  • Involved in many controversies
  • Many competitors

Choosing the Best Broker to buy Pfizer Stocks

© stock.adobe.com

To buy Pfizer or any other stock, you will need a brokerage account if you don't already have one. A good online broker should offer a wide range of investments, minimal or no fees, solid customer service and no commissions on stock trading.

Opening a brokerage account usually takes less than 15 minutes, and the procedure is quite similar to setting up a bank account. You can buy Pfizer stock prices today using the broker once your account is set up and funded.

The procedure to purchase Pfizer shares is the same as for buy shares in any other business and you will learn the steps below.

How to Buy Pfizer Shares: The Best Platform

There are multiple trusted platforms to buy both ETFs and stocks of most of the major publicly traded companies. It is a matter of you personally looking for the platform that best suits your needs as an investor. In this option, we will start with eToro.

Buy Shares of Pfizer Inc: eToro

  • Step 1

    Create an account with eToro: This platform is one of the most popular brokers in the world, with a huge variety of stocks, ETFs, cryptocurrencies, commodities and more that you can manage and invest with ease. Creating an account here is an easy process, with an email, name and phone number, you will have everything.

  • Step 2

    Add Funds: Once you have successfully registered your eToro account, you can start depositing funds to buy your first Pfizer share in no time. You can use payment gateways such as PayPal, bank transfers, credit cards and more.

  • Step 3

    Buy Pfizer stock: If you already have the funds in your account, search for Pfizer as PFE to select and buy its Pfizer stocks.

Buy Shares of Pfizer Inc: Scalable Capital

  • Step 1

    Create an account with Scalable Capital: Unlike eToro, this broker is a bit more focused on a specific stock market and not a whole range of investments. To create an account, you only need your name, email address, phone number, address and a document that validates your fiscal address.

  • Step 2

    Adding funds: Once your Scalable Capital account is registered, it is time to add funds to it, you can use one of the 10+ banking methods they have available.

  • Step 3

    Buy Pfizer stocks: With the broker's help, you can search for Pfizer's ticket as PFE and select the amount to invest and buy the stock.

How to Add Pfizer to Your Investment Portfolio

Consider how a Pfizer stock price will fit into your existing portfolio before purchasing. The potential investment would be based on the following parameters.

You can decide whether the stock will increase diversification in your portfolio or cause over-concentration in a single sector by answering all of these questions.

Is Buying Pfizer Stock a Good Investment Option?

Pfizer considers itself a large-cap value companywhich indicates that it could not have the same kind of explosive growth as, say, a technology company relatively young.

The high dividend offered by Pfizer has been growing steadily, and in 2020, its stock price was less erratic than that of most of its rivals. (Note, however, that past success is no guarantee of future success).

Pfizer may fit better with a portfolio that requires a stronger mix toward less volatile revenue-generating value companies in light of these characteristics. Obviously, this is just an illustration; there are many criteria that would be taken into account when balancing your specific portfolio and deciding whether Pfizer would be a good buy for you.

Pfizer Company Analysis

While it may be tempting to buy Pfizer stock based on recent headlines, the truth is that Pfizer's potential success may already be factored into the current stock price.

What is the Company's Mission? Is Pfizer Stock Worth Buying?

Institutional investors, who have the resources of an army, will find the kinds of things that affect stock prices long before you do, so to speak, and you, as a retail investor, are not in the "Big Leagues." Because of this, it is best to avoid investing in any company based solely on historical performance or the Prfizer stock price today.

Instead, you should follow the advice of experts and take a close look at Pfizer's financial statements, earnings, profitability, expected return and many other factors to decide if Pfizer is a smart investment. You should be able to access all of this information through your preferred broker, here are the best brokers.

Operating Summary/Business Model

Pfizer Inc(PFE) is a multinational pharmaceutical company focused on disease prevention, as well as the development of treatments and cures. The majority of the company's revenues come from the production and sale of biopharmaceuticals.

The therapeutic areas of internal medicine, oncology, hospitals, vaccines, inflammation and immunology, as well as rare diseases, make up Pfizer's business structure.

Charles Pfizer and Charles Erhart established Charles Pfizer & Co. in Brooklyn, New York, in 1849, which is where the business began and grew in the late 19th and early 20th centuries, but remained a private company until it first released common stock to the general public in June 1942. In the 1940s, it was the first company to mass produce penicillin.

Pfizer's Fundamental Value: Who is Behind Pfizer?

The chief executive officer (CEO) and president of the company is Albert Bourla, who has worked for Pfizer for more than 25 years. He served as chief operating officer (COO) from January 2018 before taking over as CEO in January 2019. 

Bourla served as group president of Pfizer's global vaccines, oncology and consumer healthcare business from February 2016 to December 2018. From 2010 to 2013 , he served as president and general manager of the company's Established Products division. From the time Bourla joined the company in 1993 until 2010, he held a number of other positions.

COVID-19 Vaccine Pfizer

A COVID-19 vaccine was jointly developed by Pfizer and BioNTech SE in 2020. The Pfizer-BioNTech vaccine received emergency use authorization (EUA) from the U.S. Food and Drug Administration on Dec. 11, 2020, making it the first COVID-19 vaccine to do so.

On August 23, 2021, the FDA approved the vaccine in its entirety after evaluating the Biologics License Application (BLA) submitted by Pfizer and BioNTech. It was the first COVID-19 vaccine to be fully approved by the FDA in such a short time.

Data Affecting Pfizer

Pfizer's Top-Earning Drugs

Recent News About Pfizer and its Products

RSV vaccinePfizer's respiratory syncytial virus vaccine for older adults was prioritized by the FDA. The RSV is a respiratory disease which frequently affects infants and the elderly. In addition, Pfizer has just received a priority review from the FDA for its pneumococcal vaccination for infants and newborns. This would defend against respiratory viruses that cause pneumonia.

Retroviral pill for COVID-19The only two drugs for covid that are currently approved are Paxlovid and Lagevrio. Lagevrio is produced by Ridgeback Biotherapeutics and Merck (MRK). Pfizer is negotiating the transition from government to commercial market purchases for its current Covid drugs.

Excellent Pfizer Stock QuotePfizer recently reported results for its next quarter. It projected Covid vaccine sales to total $ 34 billion this year, up $ 2 billion from its previous projection. The company reaffirmed its forecast of $22 billion in Paxlovid sales.

 

Pfizer Action

Open an Account and Buy Pfizer Stock Today

Now I will show you how to buy Pfizer stocks on the stock market with the help of a broker, also known as a broker.

Selecting a Regulated Broker

When choosing a broker, we consider a variety of aspects, including the broker's fees, trading platform, accessible markets and the simplicity of creating an account. While we safety is equally crucialyou don't have to worry because we only suggest accredited and licensed brokers.

Open and Verify Account

The next step is to open an account after choosing your online broker. Opening one often involves all digital transactions and is quite similar to opening a standard bank account. Some brokers make the procedure as simple as creating a new Gmail account, whereas others may require you to wait a few days while your past is investigated.

Deposit Funds

These Pfizer shares must be purchased in full. This money must first be delivered (deposited) to your broker. Wire transfers and credit/debit cards are the two most typical methods of depositing money. You can make deposits with some brokers using alternative e-wallets, such as PayPal, as is the case with eToro.

How to Find Pfizer on the Stock Exchange

Buying stocks of Pfizer (PFE) is simple. Simply enter the number of shares or dollar amount you wish to request in your brokerage account or application after logging in. 

Pfizer is traded under the ticker PFE on the Stock Exchange of New York. The company's share price has fluctuated wildly in recent years, reaching a high of $61.71 in December 2021 and a low of $34.33 in March 2021.

Buy Pfizer Stock: How Much to Invest?

Consider your overall financial situation before calculating how much to invest in Pfizer. Consider:

If the answers to the above questions are yes and you feel ready to invest, but you are not sure how much to invest, think about dollar cost averaging. With this technique, you will invest money in investments at regular intervals, either weekly or monthly.

Conclusion - The Pfizer Stock Today

Investors should be aware of the potential dangers associated with a company before purchasing its shares to ensure that they match their risk tolerance.

Although Pfizer considers itself a large cap stock very stable, the COVID-19 vaccine significantly boosted the company's performance, stock price and prospects, as vaccine sales generated record amounts of cash.

To evaluate the success of a company, an investor can perform a series of analyses of its financial data. Vertical and horizontal analyses are two forms of analysis that are frequently used.

FAQ - Frequently Asked Questions

The NYSE lists Pfizer, a U.S. healthcare company, under the symbol PFE. It is considered one of the world's leading biopharmaceutical companies.

Every investor has different investment objectives and time horizons. Investors should think about their time horizon, risk tolerance and target price before buying Pfizer. 

 

Consideration should be given to the stock's past performance, analysts' assessments, price, sector performance and other aspects. Pfizer shares should only be purchased by investors who believe that the stock's performance will be consistent with their objectives and time horizon.

There are a few themes that an investor might focus on when analyzing a company's financial reports, depending on his or her investment approach. Investors looking for value-based investments, for example, may consider a company's price-to-earnings ratio or debt-to-equity ratio.

Annual reports include detailed financial data, descriptions of a company's risks and revenue streams, and an overview of the company's performance, which are essential sources of information for investors.

 

It is a presentation that the Securities and Exchange Commission is required of all publicly traded corporations and includes a detailed financial analysis of the business.

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