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NYSE:BMY
This summary was created by AI, based on 8 opinions in the last 12 months.
Bristol Myers Squibb (BMY) is currently experiencing a year-to-date increase of 19%, with a stock price trading below 10x price-to-earnings ratio. The company expects to generate $11 billion in free cash flow for this year, projected to rise to $15 billion by 2027. With a solid drug pipeline and a reasonable dividend yield of over 4%, many experts believe there is intrinsic value in the company, despite some mixed opinions. While some analysts express concerns regarding the disappointing sales of the Cobenfy drug, there is cautious optimism about the company's growth portfolio, which has seen substantial year-over-year sales increases. Analysts are intrigued by the potential for a rebound, contingent upon the growth portfolio consistently outperforming legacy products.
Diversified large cap. A lot of businesses working really well. Celgene acquisition diversified their oncology. Main drug is performing well. Trading at 8.5x forward earnings, with low double digit EPS growth. One of his core holdings.