Bristol-Myers Squibb Company (NYSE:BMY) Projected EPS At $0.57 For Next Quarter


Bristol-Myers Squibb Company (NYSE:BMY) has a mean price target of $68.85 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.57 a share for the very next quarter and $2.63 for this year.

Technical View

The technical study of Bristol-Myers Squibb Company Co demonstrates that the 50-day moving average of Bristol-Myers Squibb Company (NYSE:BMY) stock is $63.55, and is trading $-7.65 points away or -12.04% from 50-day moving average of $63.55. It is trading $-12.09 or -17.78% away 200-day moving average of $67.99.

The 52-week high of Bristol-Myers Squibb Company (NYSE:BMY) was $77.12 while $55.02 is the low mark in the same period. It state Bristol-Myers Squibb Company Co share price has to surge more than $-21.22 to hit 52-week high or drop +1.60% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of Bristol-Myers Squibb Company Co, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Bristol-Myers Squibb Company (NYSE:BMY) ratio came in at 32.69, after dividing current equity price by yearly earnings. Bristol-Myers Squibb Company Co stock recorded a close of $55.90 in last trading session, registering a market cap of $93.40B.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Bristol-Myers Squibb Company (NYSE:BMY) PEG ratio is at 1.10.

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