Bristol-Myers Squibb Co. [BMY] stock is trading at $53.06, up 0.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The BMY shares have lost -0.58% over the last week, with a monthly amount glided 4.16%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bristol-Myers Squibb Co. [NYSE: BMY] stock has seen the most recent analyst activity on October 17, 2024, when Bernstein initiated its Mkt Perform rating and assigned the stock a price target of $56. Previously, Barclays downgraded its rating to Equal Weight on July 29, 2024, and kept the price target unchanged to $41. On March 11, 2024, downgrade downgraded it’s rating to Hold. Redburn Atlantic downgraded its rating to a Neutral and decreased its price target to $54 on February 06, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $60 on January 03, 2024. Cantor Fitzgerald downgraded its rating to Neutral for this stock on November 15, 2023, and downed its price target to $55. In a note dated November 09, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $55 on this stock.
Bristol-Myers Squibb Co. [BMY] stock has fluctuated between $39.35 and $56.77 over the past year. Currently, Wall Street analysts expect the stock to reach $64.57 within the next 12 months. Bristol-Myers Squibb Co. [NYSE: BMY] shares were valued at $53.06 at the most recent close of the market. An investor can expect a potential return of 21.69% based on the average BMY price forecast.
Analyzing the BMY fundamentals
Bristol-Myers Squibb Co. [NYSE:BMY] reported sales of 46.51B for the trailing twelve months, which represents a growth of 8.69%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.28 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.69 points at the first support level, and at 52.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.27, and for the 2nd resistance point, it is at 53.48.
Ratios To Look Out For
For context, Bristol-Myers Squibb Co.’s Current Ratio is 1.16. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 6.32.
Transactions by insiders
Recent insider trading involved BOERNER CHRISTOPHER S., Chief Executive Officer, that happened on Dec 05 ’23 when 2000.0 shares were purchased. Chief Executive Officer, BOERNER CHRISTOPHER S. completed a deal on Nov 28 ’23 to buy 3071.0 shares. Meanwhile, Director Samuels Theodore R. II bought 8500.0 shares on Nov 20 ’23.
