For Bristol-Myers Squibb Co. [BMY], Analyst sees a rise to $55. What next?

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Bristol-Myers Squibb Co. [NYSE: BMY] traded at a high on 11/10/23, posting a 0.40 gain after which it closed the day’ session at $50.61. The company report on November 9, 2023 at 4:18 PM that Bristol Myers Squibb to Participate in the 2023 Jefferies London Healthcare Conference.

Bristol Myers Squibb (NYSE: BMY) today announced that the company will participate in the 2023 Jefferies London Healthcare Conference in London, England, on Thursday, November 16, 2023. Tim Power, vice president, head of investor relations, will answer questions about the company during a fireside chat at 9:30 a.m. GMT (U.K.).

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Investors and the general public are invited to listen to a live webcast of the session here. An archived edition of the session will be available following its conclusion.

The results of the trading session contributed to over 12697333 shares changing hands. Over the past one week, the price volatility of Bristol-Myers Squibb Co. stands at 2.31% while the volatility over the past one month is 2.20%.

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The market cap for BMY stock reached $102.98 billion, with 2.10 billion shares outstanding and 2.03 billion shares in the current float. Compared to the average trading volume of 12.47M shares, BMY reached a trading volume of 12697333 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Bristol-Myers Squibb Co. [BMY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BMY shares is $64.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BMY stock is a recommendation set at 2.36. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Bristol-Myers Squibb Co. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 09, 2023.

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The Average True Range (ATR) for Bristol-Myers Squibb Co. is set at 1.22, with the Price to Sales ratio for BMY stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 3.55, with the Price to Cash per share for the same quarter was set at 3.80. Price to Free Cash Flow for BMY in the course of the last twelve months was 8.81 with Quick ratio for the last quarter at 1.07.

How has BMY stock performed recently?

Bristol-Myers Squibb Co. [BMY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.18. With this latest performance, BMY shares dropped by -10.04% in over the last four-week period, additionally sinking by -25.64% over the last 6 months – not to mention a drop of -36.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BMY stock in for the last two-week period is set at 29.16, with the RSI for the last a single of trading hit 28.82, and the three-weeks RSI is set at 29.91 for Bristol-Myers Squibb Co. [BMY]. The present Moving Average for the last 50 days of trading for this stock 56.58, while it was recorded at 51.70 for the last single week of trading, and 63.99 for the last 200 days.

Bristol-Myers Squibb Co. [BMY]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bristol-Myers Squibb Co. [BMY] shares currently have an operating margin of +20.08 and a Gross Margin at +57.39. Bristol-Myers Squibb Co.’s Net Margin is presently recorded at +13.71.

Return on Total Capital for BMY is now 12.08, given the latest momentum, and Return on Invested Capital for the company is 8.80. Return on Equity for this stock inclined to 18.88, with Return on Assets sitting at 6.14. When it comes to the capital structure of this company, Bristol-Myers Squibb Co. [BMY] has a Total Debt to Total Equity ratio set at 131.09. Additionally, BMY Total Debt to Total Capital is recorded at 56.73, with Total Debt to Total Assets ending up at 42.05. Long-Term Debt to Equity for the company is recorded at 116.92, with the Long-Term Debt to Total Capital now at 50.60.

Reflecting on the efficiency of the workforce at the company, Bristol-Myers Squibb Co. [BMY] managed to generate an average of $184,461 per employee. Receivables Turnover for the company is 3.49 with a Total Asset Turnover recorded at a value of 0.45.Bristol-Myers Squibb Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.18.

Earnings analysis for Bristol-Myers Squibb Co. [BMY]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BMY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bristol-Myers Squibb Co. go to -0.41%.

Insider trade positions for Bristol-Myers Squibb Co. [BMY]

The top three institutional holders of BMY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in BMY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in BMY stock with ownership which is approximately 5.7994%.

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