Bristol-Myers Squibb (BMY) Is Sinking After Opdivo Decision

Multiple myeloma drug, Empliciti should continue to post encouraging sales figures despite facing stiff competition. It has been working on strengthening its product portfolio and pipeline through acquisitions and deals. The Return on Equity (ROE) value stands at 22.7%. A transformation in the operating model to focus on accelerating pipeline development and streamlining operations bodes well for growth. The current share price indicates that stock is -27.07% away from its one year high and is moving 13.92% ahead of its one year low. Investors are dumping the stock after the company suffered a setback on immunotherapy. "Estimates have come down ahead of the Q4 results".

A number of other brokerages also recently weighed in on BMY. Jefferies Group reiterated a hold rating and set a $58.00 target price (up from $54.00) on shares of Bristol-Myers Squibb in a research report on Monday, October 31st. For the next 5 years, Bristol-Myers Squibb Company is expecting Growth of 17.42% per annum, whereas in the past 5 years the growth was 3.57% per annum.

The top gainers for today include Bristol-Myers Squibb Company BMY from the sector Healthcare with a gain of -10.60%. The analyst recommendations from a month ago are 8 Buy, 2 Overweight, 0 Sell, 14 Hold and 0 Underweight. Bristol-Myers Squibb now has a consensus rating of Hold and an average target price of $65.89.

A Director at Bristol-Myers Squibb Company (BMY) offloaded shares in a transaction closed on Thursday September 08, 2016. Bristol-Myers Squibb has a 1-year low of $49.03 and a 1-year high of $77.12. The market capitalization of the company is at $93.28 Billion.

Bristol-Myers Squibb Company has a 50 day moving average of 57.82 and a 200 day moving average of 59.28.

Year to Date (YTD) performance of Bristol-Myers Squibb Company (NYSE:BMY) is -4.42 percent while its Performance (Week) is -2.31 percent and Performance (month) is at -4.71 percent. During the same quarter in the previous year, the company posted $0.39 EPS. Bristol-Myers Squibb's dividend payout ratio is 76.47%. The business earned $4.83 billion during the quarter, compared to analysts' expectations of $4.76 billion. If you are reading this report on another website, it was stolen and republished in violation of USA & global copyright legislation. The legal version of this piece can be viewed at Stockholders of record on Friday, January 6th will be paid a $0.39 dividend. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.75% with $1.67B sitting short, betting on future declines. NN Investment Partners Holdings N.V. now owns 416,426 shares of the biopharmaceutical company's stock valued at $24,336,000 after buying an additional 33,878 shares during the last quarter. The company reported the earnings of $0.77/Share in the last quarter where the estimated EPS by analysts was $0.65/share. Bremer Trust National Association boosted its position in shares of Bristol-Myers Squibb by 31.5% in the second quarter. 0 said it's a Buy, 0 assigned Hold rating where 0 stated the stock as Underperform and 0 marked the stock as Sell.


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