Bristol Myers Squibb

BMY-N

NYSE:BMY

66.25
0.49 (0.73%)
Bristol-Myers Squibb is an American pharmaceutical company, headquartered in New York City. Bristol-Myers Squibb manufactures prescription pharmaceuticals in several therapeutic areas, including cancer, ...
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Analysis and Opinions about BMY-N

Signal
Opinion
Expert
BUY
BUY
January 11, 2021

It was up nearly 4% today during JPMorgan's healthcare conference. BMY delivered good news. Management announced strong early revenue goals for new products, including three new drugs that could hit $4 billion in sales this decade. Their strong pipeline of drugs was bulked by buying Celgene and MyoKardia. They also announced a bullish free cash-flow forecasts for coming years which will buyback shares and pay down debt. For years, this has failed to break out from mid-$60s, but that could change.

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It was up nearly 4% today during JPMorgan's healthcare conference. BMY delivered good news. Management announced strong early revenue goals for new products, including three new drugs that could hit $4 billion in sales this decade. Their strong pipeline of drugs was bulked by buying Celgene and MyoKardia. They also announced a bullish free cash-flow forecasts for coming years which will buyback shares and pay down debt. For years, this has failed to break out from mid-$60s, but that could change.

TOP PICK
TOP PICK
October 20, 2020

He liked their Celgene acquisition last year (though the market didn't), because it diversified their exposure to other drugs which have exectued well. Their R&D and core business are doing well. The stock trades at only 8x earnings. There is a disconnect between company performance and the market. It's very cheap and they execute well. (Analysts’ price target is $72.93)

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He liked their Celgene acquisition last year (though the market didn't), because it diversified their exposure to other drugs which have exectued well. Their R&D and core business are doing well. The stock trades at only 8x earnings. There is a disconnect between company performance and the market. It's very cheap and they execute well. (Analysts’ price target is $72.93)

TOP PICK
TOP PICK
October 6, 2020
Stockchase Research Editor: Michael O'Reilly This household pharma player has just made a $13 billion acquisition of a company that focuses on the treatment of irregular heart rhythms -- something that doesn't have another treatment option yet. This will go to diversify the company's success in the cancer treatment field. With an outlook to earnings growth of over 17% next year the Price to Earnings Growth Ratio is just 1.1 -- suggesting good value at these levels. We would trade this with a $54 stop-loss. Yield 3.04% (Analysts’ price target is $73.62)
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Stockchase Research Editor: Michael O'Reilly This household pharma player has just made a $13 billion acquisition of a company that focuses on the treatment of irregular heart rhythms -- something that doesn't have another treatment option yet. This will go to diversify the company's success in the cancer treatment field. With an outlook to earnings growth of over 17% next year the Price to Earnings Growth Ratio is just 1.1 -- suggesting good value at these levels. We would trade this with a $54 stop-loss. Yield 3.04% (Analysts’ price target is $73.62)
TOP PICK
TOP PICK
October 5, 2020
There is so much value in drug companies. His model price is $111, or a 90% upside on this one. It may be suffering a little from maybe Biden winning the election. It pays 3% while interest rates are zero. There is not much downside. (Analysts’ price target is $72.79)
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There is so much value in drug companies. His model price is $111, or a 90% upside on this one. It may be suffering a little from maybe Biden winning the election. It pays 3% while interest rates are zero. There is not much downside. (Analysts’ price target is $72.79)
BUY
BUY
October 5, 2020

MyoKardia deal: https://www.businesswire.com/news/home/20201005005381/en/Bristol-Myers-Squibb-to-Acquire-MyoKardia-for-13.1-Billion-in-Cash Today BMY announced it's buying MyoKardia (MYOK-Q) ifor US$13.1 billion cash. MyoKardia makes drugs to fight heart disease and heart conditions, including mavacamten, a drug for which they will file an application in Q1-2021. The stock has gotten really cheap. He loves this deal.

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MyoKardia deal: https://www.businesswire.com/news/home/20201005005381/en/Bristol-Myers-Squibb-to-Acquire-MyoKardia-for-13.1-Billion-in-Cash Today BMY announced it's buying MyoKardia (MYOK-Q) ifor US$13.1 billion cash. MyoKardia makes drugs to fight heart disease and heart conditions, including mavacamten, a drug for which they will file an application in Q1-2021. The stock has gotten really cheap. He loves this deal.

TOP PICK
TOP PICK
July 10, 2020
He has a model price over $111 -- a 95% upside opportunity. Yield 3.13% (Analysts’ price target is $66.94)
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He has a model price over $111 -- a 95% upside opportunity. Yield 3.13% (Analysts’ price target is $66.94)
DON'T BUY
DON'T BUY
February 5, 2020
They are focused on the drug side of health care. There is a lot pressure on costs and from a political perspective as well. The company has had a great run as of late, but drugs can be very volatile. He generally favors the equipment and insurance sectors in health care.
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They are focused on the drug side of health care. There is a lot pressure on costs and from a political perspective as well. The company has had a great run as of late, but drugs can be very volatile. He generally favors the equipment and insurance sectors in health care.
TOP PICK
TOP PICK
January 22, 2020

A leading oncology drug producer, trading at 10x earnings and paying a 3% dividend. Many catalysts are coming. They merged with Celgene, a deal which has raised investor expectations, with potentially strong synergies. This could trade at 11x earnings. You can make 20% on this. Holding a healthcare name is key. (Analysts’ price target is $71.64)

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A leading oncology drug producer, trading at 10x earnings and paying a 3% dividend. Many catalysts are coming. They merged with Celgene, a deal which has raised investor expectations, with potentially strong synergies. This could trade at 11x earnings. You can make 20% on this. Holding a healthcare name is key. (Analysts’ price target is $71.64)

COMMENT
COMMENT
November 28, 2019
BMY vs ABBV? Doesn't own either one of them at the moment. Both stocks will probably do just fine over the next couple of years. Bristol Myers acquisition of Celgene will give them new drug applications. Be cautious on the Canadian tax implication in this acquisition. AbbVie on the other end is struggling with drugs that have been in the pipeline for a number of years and will start to face generic competition. Well managed companies. More comfortable with Bristol Myers.
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BMY vs ABBV? Doesn't own either one of them at the moment. Both stocks will probably do just fine over the next couple of years. Bristol Myers acquisition of Celgene will give them new drug applications. Be cautious on the Canadian tax implication in this acquisition. AbbVie on the other end is struggling with drugs that have been in the pipeline for a number of years and will start to face generic competition. Well managed companies. More comfortable with Bristol Myers.
COMMENT
COMMENT
October 16, 2019

They're getting a good deal on Celgene. Can't say what he'll do with this stock, but BMY is attractive.

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They're getting a good deal on Celgene. Can't say what he'll do with this stock, but BMY is attractive.

DON'T BUY
DON'T BUY
October 4, 2019
It is a complex business with patents that come off, rising class-action lawsuits and rising regulatory threat politically in the US. He views it as a politically vulnerable industry and would suggest there are better things to buy. (Analysts’ price target is $59.00)
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It is a complex business with patents that come off, rising class-action lawsuits and rising regulatory threat politically in the US. He views it as a politically vulnerable industry and would suggest there are better things to buy. (Analysts’ price target is $59.00)
COMMENT
COMMENT
September 27, 2019

Bristol Myers's latest drugs haven't done as well as they thought. GSK has refocused into pharmaceuticals, and they sold off the consumer products division. After 5 years, they have both come to be around the same price. He would prefer GSK.

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Bristol Myers Squibb (BMY-N)
September 27, 2019

Bristol Myers's latest drugs haven't done as well as they thought. GSK has refocused into pharmaceuticals, and they sold off the consumer products division. After 5 years, they have both come to be around the same price. He would prefer GSK.

COMMENT
COMMENT
September 25, 2019

He started buying BMY-N ahead of the merger discussions with CELG-Q. If the merger fails, holding the buyer is safer as arbitragers unwind hedges. The combined company would be a good cash flow generator, which would help internal growth and debt pay down.

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Bristol Myers Squibb (BMY-N)
September 25, 2019

He started buying BMY-N ahead of the merger discussions with CELG-Q. If the merger fails, holding the buyer is safer as arbitragers unwind hedges. The combined company would be a good cash flow generator, which would help internal growth and debt pay down.

DON'T BUY
DON'T BUY
August 6, 2019

Heading into the election cycle, pharma will be under pressure. He prefers being into medical devices. He has a hard time being excited about either CELG or BMY, especially if the market is currently jittery. (Analysts’ price target is $100.33)

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Heading into the election cycle, pharma will be under pressure. He prefers being into medical devices. He has a hard time being excited about either CELG or BMY, especially if the market is currently jittery. (Analysts’ price target is $100.33)

DON'T BUY
DON'T BUY
July 18, 2019
Acquisition pending, so some analysts aren't allowed to give an opinion while their investment bank is working on the deal. This is in the bucket of US healthcare he doesn't want to own right now. Political risk around drug pricing and lack of pipeline growth.
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Acquisition pending, so some analysts aren't allowed to give an opinion while their investment bank is working on the deal. This is in the bucket of US healthcare he doesn't want to own right now. Political risk around drug pricing and lack of pipeline growth.
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Bristol Myers Squibb(BMY-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Bristol Myers Squibb is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bristol Myers Squibb(BMY-N) Frequently Asked Questions

What is Bristol Myers Squibb stock symbol?

Bristol Myers Squibb is a American stock, trading under the symbol BMY-N on the New York Stock Exchange (BMY). It is usually referred to as NYSE:BMY or BMY-N

Is Bristol Myers Squibb a buy or a sell?

In the last year, 3 stock analysts published opinions about BMY-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Bristol Myers Squibb.

Is Bristol Myers Squibb a good investment or a top pick?

Bristol Myers Squibb was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-01-11. Read the latest stock experts ratings for Bristol Myers Squibb.

Why is Bristol Myers Squibb stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bristol Myers Squibb worth watching?

3 stock analysts on Stockchase covered Bristol Myers Squibb In the last year. It is a trending stock that is worth watching.

What is Bristol Myers Squibb stock price?

On 2021-01-20, Bristol Myers Squibb (BMY-N) stock closed at a price of $66.25.