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.


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