13 Best Cheap Stocks to Invest in for Beginners

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7. Pfizer Inc. (NYSE:PFE)

Forward P/E: 7.68

Number of Hedge Fund Holders: 92

Pfizer Inc. (NYSE:PFE) is a global biopharmaceutical company that manufactures, develops, markets, and sells biopharmaceutical products worldwide. It advances wellness, prevention, treatment, and cures in developing and emerging markets.

Pfizer Inc. (NYSE:PFE) reported an 8% decrease in revenue in fiscal Q1 2025, attributed to a drop in Paxlovid revenues. However, due to financial discipline and operational efficiency, it attained a 12% improvement in its adjusted EPS compared to last year, reaching $0.92. The company is on track to deliver around $4.5 billion in net cost savings by the end of 2025, and management expects additional savings through 2027.

Supported by these positive results released on April 29, BMO Capital analyst Evan Seigerman maintained their bullish stance on Pfizer Inc. (NYSE:PFE) the next day, giving it a buy rating. The analyst said that the company’s fiscal Q1 2025 financial performance reflects strong operational efficiency that has the potential to lead to improved profitability. This mainly includes Pfizer Inc.’s (NYSE:PFE) ability to surpass expectations on cost savings. The company is seventh on our list of the best cheap stocks for beginners now.

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