Bristol-Myers Squibb Company (BMY) shares are trading at lower $61.61 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $73.76.
To add more color to this target, the company’s high over the last year is $68.34 and the low is $45.76. Over the last 52 weeks, BMY is up 8.37% while the S&P 500 is up 14.52%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BMY reported a profit of $8.04 billion. Bristol-Myers Squibb Company also saw revenues increase to $10.54 billion. In addition, BMY has free cash flow of $9.91 billion as of 09-2020. The company’s EBITDA came in at $4.91 billion which compares well with its peers.
BMY booked profit margins of -0.10%, its Return on Equity (ROE) is -0.10%, and its Return on Assets is 0.00%. All told, it is clear that, BMY needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BMY has a short ratio of 1.51 and outstanding shares of 2.26B.
BMY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 9.17 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.11. Bristol-Myers Squibb Company BMY also noted assets of $125.54 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BMY has historically followed its peers on positive news.
All told, Bristol-Myers Squibb Company BMY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BMY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Bristol-Myers Squibb Company BMY is now commanding a market cap of 140.31B and a float of 2.23B. BMY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BMY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BMY, either long or short, and we have not been compensated for this article.