Bristol-Myers Squibb (BMY) PT Lowered to $61.00 at Bank of America

Bristol-Myers Squibb (NYSE:BMY) had its target price cut by Bank of America from $68.00 to $61.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “neutral” rating on the biopharmaceutical company’s stock. Bank of America’s price target points to a potential upside of 16.08% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Argus reissued a “buy” rating and set a $66.43 target price (down previously from $75.00) on shares of Bristol-Myers Squibb in a report on Wednesday, March 21st. Vetr cut Bristol-Myers Squibb from a “hold” rating to a “sell” rating and set a $60.72 target price for the company. in a report on Tuesday, January 16th. JPMorgan Chase set a $75.00 target price on Bristol-Myers Squibb and gave the company an “overweight” rating in a report on Tuesday, March 20th. Zacks Investment Research raised Bristol-Myers Squibb from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, Credit Suisse Group set a $62.00 target price on Bristol-Myers Squibb and gave the company a “hold” rating in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.95.

How to Become a New Pot Stock Millionaire

NYSE BMY traded down $1.53 during trading hours on Tuesday, reaching $52.55. The company’s stock had a trading volume of 17,880,804 shares, compared to its average volume of 8,234,470. The stock has a market capitalization of $95,750.99, a price-to-earnings ratio of 17.47, a PEG ratio of 1.52 and a beta of 0.96. Bristol-Myers Squibb has a 1-year low of $51.56 and a 1-year high of $70.05. The company has a current ratio of 1.55, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59.

Bristol-Myers Squibb (NYSE:BMY) last released its quarterly earnings results on Monday, February 5th. The biopharmaceutical company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Bristol-Myers Squibb had a return on equity of 35.43% and a net margin of 4.85%. Bristol-Myers Squibb’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. equities analysts predict that Bristol-Myers Squibb will post 3.22 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of BMY. Delphi Private Advisors LLC acquired a new stake in shares of Bristol-Myers Squibb in the fourth quarter valued at $108,000. Massey Quick Simon & CO. LLC raised its stake in Bristol-Myers Squibb by 523.5% in the third quarter. Massey Quick Simon & CO. LLC now owns 1,777 shares of the biopharmaceutical company’s stock valued at $113,000 after buying an additional 1,492 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Bristol-Myers Squibb in the fourth quarter valued at $119,000. Horan Capital Advisors LLC. acquired a new stake in Bristol-Myers Squibb in the third quarter valued at $122,000. Finally, AllSquare Wealth Management LLC acquired a new stake in Bristol-Myers Squibb in the third quarter valued at $134,000. Institutional investors own 71.51% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Bristol-Myers Squibb (BMY) PT Lowered to $61.00 at Bank of America” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2018/04/17/bristol-myers-squibb-bmy-pt-lowered-to-61-00-at-bank-of-america.html.

Bristol-Myers Squibb Company Profile

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. The company offers drugs in the various therapeutic classes, such as oncology; cardiovascular; immunoscience; and virology, including human immunodeficiency virus (HIV) infection.

Analyst Recommendations for Bristol-Myers Squibb (NYSE:BMY)

Receive News & Ratings for Bristol-Myers Squibb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristol-Myers Squibb and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply