Carl Icahn's Next Target: Bristol-Myers Squibb

According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $139.82 on company shares.

Analysts estimated $0.67/share for the previous Quarter, where Bristol-Myers Squibb Company (NYSE:BMY) reported Actual EPS of $0.63/share with the difference of -0.04 percent and a surprise of -6 percent. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.

In case of Revenue Estimates, 12 analysts have provided their consensus Average Revenue Estimates for Bristol-Myers Squibb Company as 4.74 Billion.

Heading into the stock price potential, Bristol-Myers Squibb Company needs to grow just 0.4% to cross its median price target of $55. They now have a United States dollars 66 price target on the stock. 21 Analysts reported that the Price Target for Bristol-Myers Squibb Company might touch $68 high while the Average Price Target and Low price Target is $55.37 and $42 respectively. They now have a United States dollars 58 price target on the stock. They now have a United States dollars 47 price target on the stock. He said the directors will also "broaden our overall expertise in the pharmaceutical sector and more broadly in capital markets, and complement extremely well the existing skills on our board". Jefferies Group LLC restated a hold rating and set a $58.00 target price (up from $54.00) on shares of Bristol-Myers Squibb Company in a research note on Monday, October 31st. They now have a Dollars 69 price target on the stock.


The price/earnings ratio (P/E) is 20.57 and the forward P/E ratio stands at 17.68. They now have a Dollars 67 price target on the stock. The company's net profit margin has achieved the current level of 22.9 percent and possesses 74.6 percent gross margin. They now have a United States dollars 70 price target on the stock. Recently, investment analysts covering the stock have updated the mean rating to 2.2. They now have a United States dollars 90 price target on the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of Bristol-Myers Squibb Company by 5.7% in the third quarter. They now have a Dollars 65 price target on the stock. William Blair reissued an "ourperform" rating on shares of Bristol-Myers Squibb Company in a research report on Friday, January 20th.

On the same day that Icahn announced his interest in Bristol-Myers, the company had announced that it would add three seats to the board of directors, making it a total of 14 seats, and buy back $2 billion in stock in a pact with another activist investor, Jana Partners LLC. In a similar way, Apple Inc.

Now we look at the Moving Averages, the 200-day is -9.16, the 50-day is -0.22 and the 20-day is 7.52. The mean revenue estimate for the current fiscal period ending March 2017 is $4.74B by 12 brokerage firms. The analyst projections are $0.75 in EPS on $4.74 billion in revenues.

Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. It offers products for a range of therapeutic classes, which include virology, including human immunodeficiency virus (HIV) infection; oncology; immunoscience; cardiovascular, and neuroscience.


Popular
  • Mattis in Baghdad to confirm military assistance, not 'seize Iraqi oil'

    Parliament was talking about expelling U.S. forces and taking other actions. "That's the point about going in there". The US-led coalition has played a supporting role with advisers and assistance with airstrikes.
    Arsenal Set for the Crumbs with Sutton Trip

    Arsenal Set for the Crumbs with Sutton Trip

    First, though, Sutton have the monumental task of winning their own dream tie at home to Arsenal in the fifth round on Monday. For Sutton , it is a massive moment for them and their manager Paul Doswell will be eyeing to field the best team available.
    Dolphins release four players to gain $20 million in cap space

    Dolphins release four players to gain $20 million in cap space

    Cutting Albert saves the Dolphins $7.2 million on the salary cap, allowing them to address other needs. The veteran should come much cheaper than the $10 million he was earning in Miami this year.
  • Fifth Tier Club Lincoln Dump Burnley Out Of Emirates FA Cup

    Fifth Tier Club Lincoln Dump Burnley Out Of Emirates FA Cup

    The 24-year-old defender is now on loan at Turf Moor from Liverpool until the end of the season, and was making only his ninth appearance of the season.

    Flash flood watch, high wind warning issued by National Weather Service

    In southwest California, the National Weather Service warned the area will see the strongest storm to hit this season. High wind warnings , storm, flash flood and high surf warnings were issued throughout the Los Angeles area.

    Two killed, pregnant woman wounded in shooting caught on Facebook Live

    Chicago Police reportedly said Lavontay White , Jr. and the adult male were both shot in the head and later died at the hospital. Police are looking for surveillance video and say they have promising leads on who fired the deadly shots.
  • Austrian Court Approves Ukrainian Oligarch's Extradition to US

    Austrian Court Approves Ukrainian Oligarch's Extradition to US

    USA prosecutors, in 2015 court filings, submitted wiretaps they said demonstrated Firtash's involvement with organized crime. His gas and chemicals business thrived before Mr Yanukovych was overthrown and fled to Russian Federation in February 2014.
    NY Times: Trump's Deportation Efforts 'Not So Unusual'

    NY Times: Trump's Deportation Efforts 'Not So Unusual'

    She did not confirm the location or provide further details of the operation or say whether more were planned in the future. She declined to say what exactly people are reporting, saying that some were asking advice on immigration issues.

    Tara Palmer-Tomkinson did not have brain tumour, says sister

    She accompanied one of the tweets with a lovely photo of Tara looking her usual, vivacious self. Tara's family previously revealed a private funeral will be held for her in due course.
  • Verizon plans 5G trial service in 11 cities this year

    In fact, Verizon is already looking beyond cellphones and into the home broadband market with 5G, and that appears to be the main focus of this technology test.

    Euro zone mulls International Monetary Fund involvement in Greece, mission to unblock new loans

    Friedrich urged the Fund to show flexibility and to back off its demand for the euro zone to grant Greece some debt relief.

    Two rockets fired from Egypt's Sinai explode in Israel's south

    According to the report, the four were travelling in a vehicle in a Sinai village near Egyptian Rafah on the border with Gaza. The projectiles exploded in open areas in the northwestern Negev's Eshkol Regional Council, causing no harm.

CONNECT