Stock To Watch: Bristol-Myers Squibb Company (NYSE:BMY)


The leading market experts have placed a mean price target of $74.95 on Bristol-Myers Squibb Company (NYSE:BMY) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.57 a share for the upcoming quarter and $2.64 for the current fiscal. Technical View The technical analysis of Bristol-Myers Squibb Company Co plainly substantiates that the 50-day moving average of Bristol-Myers Squibb Company Co is $73.96, and stock is hovering -10.68 or -14.44% distant from $73.96. It is noted that the 200-day MA is $68.53, and Bristol-Myers Squibb Company Co stock is $-5.25 or -7.67% off from this point. Bristol-Myers Squibb Company (NYSE:BMY) 52-week high is $77.12 and the 52-week low is $51.82. This explains if the stock moves $-13.84, it will post a 52-week high. In event of $+22.12% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Bristol-Myers Squibb Company Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Bristol-Myers Squibb Company (NYSE:BMY) ratio came in at 37.01. The stock last ended the trading session at $63.28 and registered a market cap of $105.73B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Bristol-Myers Squibb Company (NYSE:BMY) PEG ratio is at 1.07.

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