Bristol Myers Squibb Stock Looks Attractive At $60 [Forbes]
Bristol-Myers Squibb Company (BMY)
Last bristol-myers squibb company earnings: 2/6 07:05 am
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Source: Forbes
Despite almost a 32% rise inBristol Myers Squibb’s stockWhy Bristol Myers Squibb Stock Moved -1%?Bristol Myers Squibb’s fundamentals have been robust over the last 2 years. Its revenue grew 25.8% from $20.8 billion in 2017 to $26.1 billion in 2019. The company also managed to expand its Net Margins from 23.9% to 30.7% on an adjusted basis. Strong revenue and margins growth meant the Non-GAAP EPS surged 56% from $3.02 to $4.71. So what explains the drop in stock price? It was primarily the company’s P/E ratio.Bristol Myers Squibb’s P/E ratio declined from about 20x trailing earnings at the end of 2017 to 14x in 2019. This can partly be attributed to Opdivo’s lackluster performance in late stage trials vis-a-vis Merck’sMRKCELGSo what’s the likely trigger and timing to this upside?Recommended For YouThe spread of coronavirus has meant increased social distancing, deferment of elective surgeries, and fewer visits to doctors, impacting the overall pharmaceutical sales. That said, the impac
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News
- FDA Mandates "Boxed Warning" For Bristol Myers, Johnson & Johnson CAR-T-Based Blood Cancer Therapies [Yahoo! Finance]Yahoo! Finance
- FDA requires labeling changes to CAR-T cell therapies to reflect cancer risk [Seeking Alpha]Seeking Alpha
- Earnings Preview: Bristol Myers Squibb (BMY) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Bristol-Myers Squibb (NYSE: BMY) had its price target raised by analysts at Wells Fargo & Company from $51.00 to $52.00. They now have an "equal weight" rating on the stock.MarketBeat
- Pathios Therapeutics Raises $25M in First Close of Series B Financing to Advance First-in-Class Immunotherapy Approach into Clinic [Yahoo! Finance]Yahoo! Finance
BMY
Earnings
- 2/2/24 - Beat
BMY
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- BMY's page on the SEC website