As per the research groups listed in Thomson Reuters survey, Bristol-Myers Squibb Company (NYSE:BMY), the stock can touch mean price target of $68.750 in coming period. This price target highlights the recommendations of leading experts in the market.
Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.570 per share in looming quarter and $2.630 during current fiscal.
While evaluating Bristol-Myers Squibb Company Co on the technical side, it is seen that the firm’s shares price is trading $-10.688 points away or -16.049% from its 50-day moving average of $66.597. Further it is trading $-12.330 or -18.069% away its 200-day moving average of $68.239. MA here stands for moving average.
Bristol-Myers Squibb Company (NYSE:BMY) stock made a high of $77.120 in last 12-months while the lowest level in same period was $55.110. It entails if stock price makes a movement of over $-21.211, it will make a new 52-week high. In the case of +1.450% decline, it will touch a new 52-week low.
The valuation of Bristol-Myers Squibb Company Co is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Bristol-Myers Squibb Company (NYSE:BMY) P/E ratio is 32.695. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Bristol-Myers Squibb Company Co it stands at 1.110.
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