Pfizer Posts In-Line 2Q, With Ibrance and Eliquis Offsetting Generics; Shares Look Undervalued
Pfizer reported second-quarter results that were largely in line with both our and consensus expectations, and we don’t expect any major changes to our $37 fair value estimate. We continue to view the stock as undervalued, with the investment community underappreciating both Pfizer’s pipeline and recently launched drugs, including cancer drug Ibrance. Additionally, Pfizer’s wide moat looks secure, buoyed by a very diverse drug portfolio with strong pricing power.In the quarter, total sales were...
Pfizer is a research-based biopharmaceutical company. The company is engaged in discovering, developing, manufacturing and distributing of healthcare products, including medicines and vaccines. The company manages its commercial operations through three businesses: Pfizer Biopharmaceuticals Group, which includes Oncology, Inflammation and Immunology, Rare Disease, Hospital, Vaccines and Internal Medicine business units, as well as a hospital business unit; Upjohn, which includes the company's solid oral dose brands such as Lyrica, Lipitor, Norvasc, Celebrex, Viagra, and certain generic medicines; and Consumer Healthcare, which is an over-the-counter medicines business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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