Credit Suisse Group set a $58.00 price objective on Bristol-Myers Squibb (NYSE:BMY) in a research note published on Tuesday morning. The firm currently has a hold rating on the biopharmaceutical company’s stock.
BMY has been the subject of a number of other reports. Vetr cut Bristol-Myers Squibb from a buy rating to a hold rating and set a $59.70 price objective for the company. in a research report on Friday, December 22nd. BMO Capital Markets set a $51.00 price target on Bristol-Myers Squibb and gave the stock a sell rating in a research note on Wednesday, February 14th. Zacks Investment Research lowered Bristol-Myers Squibb from a hold rating to a sell rating in a research note on Monday, January 29th. TheStreet lowered Bristol-Myers Squibb from a b rating to a c+ rating in a research note on Thursday, March 8th. Finally, Morgan Stanley lowered Bristol-Myers Squibb from an overweight rating to an equal weight rating and lifted their price target for the stock from $54.08 to $58.00 in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $64.23.
Bristol-Myers Squibb stock opened at $51.17 on Tuesday. The company has a market capitalization of $84,257.61, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.96. Bristol-Myers Squibb has a 12 month low of $51.02 and a 12 month high of $70.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.43.
Bristol-Myers Squibb (NYSE:BMY) last posted its quarterly earnings data on Monday, February 5th. The biopharmaceutical company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The business 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%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. equities analysts predict that Bristol-Myers Squibb will post 3.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Friday, April 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, April 5th. Bristol-Myers Squibb’s dividend payout ratio (DPR) is currently 53.16%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMY. Delphi Private Advisors LLC acquired a new position in Bristol-Myers Squibb during the fourth quarter worth $108,000. Massey Quick Simon & CO. LLC boosted its stake in Bristol-Myers Squibb by 523.5% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,777 shares of the biopharmaceutical company’s stock worth $113,000 after buying an additional 1,492 shares during the last quarter. NuWave Investment Management LLC acquired a new position in Bristol-Myers Squibb during the fourth quarter worth $119,000. Horan Capital Advisors LLC. acquired a new position in Bristol-Myers Squibb during the third quarter worth $122,000. Finally, AllSquare Wealth Management LLC acquired a new position in Bristol-Myers Squibb during the third quarter worth $134,000. 71.51% of the stock is currently owned by institutional investors.
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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.
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