5 Cheap Blue Chip Stocks To Buy

2. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 77

P/E ratio as of January 25: 8.57

Pfizer Inc. (NYSE:PFE) is a healthcare and pharmaceutical company. It is based in New York.

An Overweight rating was placed on Pfizer Inc. (NYSE:PFE) shares on January 17 by analyst Mohit Bansal at Wells Fargo.

Pfizer Inc.’s (NYSE:PFE) current P/E ratio of 8.57 stands at almost a 10-year low for the stock. This, and the company’s new products which are expected to contribute about $20 billion in revenue by 2030, make it clear that it is currently operating at a discount.

Pfizer Inc. (NYSE:PFE) had 77 hedge funds long its stock in the third quarter. Their total stake value was $2.4 billion.

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