Bristol-Myers Squibb Co (BMY) is Initiated by Hilliard Lyons to Neutral

Bristol-Myers Squibb Co (BMY) was Initiated by Hilliard Lyons to “Neutral”. Hilliard Lyons advised their investors in a research report released on May 23, 2016.

Many Wall Street Analysts have commented on Bristol-Myers Squibb Co. Company shares were Reiterated by UBS on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $73 .Company shares were Reiterated by Barclays on Apr 29, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .Societe Generale Initiated Bristol-Myers Squibb Co on Apr 6, 2016 to “Sell”, Price Target of the shares are set at $48.

On the company’s financial health, Bristol-Myers Squibb Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $4391.00 million for the quarter, compared to analysts expectations of $4268.65 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Bristol-Myers Squibb Co opened for trading at $70.55 and hit $71.16 on the upside on Friday, eventually ending the session at $70.77, with a gain of 0.63% or 0.44 points. The heightened volatility saw the trading volume jump to 51,64,177 shares. Company has a market cap of $118,137 M.

In a different news, on May 17, 2016, Joseph C Caldarella (SVP & Controller) sold 3,519 shares at $72.46 per share price. According to the SEC, on May 10, 2016, Sandra Leung (EVP, General Counsel) sold 72,544 shares at $70.39 per share price. On May 6, 2016, Lamberto Andreotti (director) sold 23,200 shares at $70.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Bristol-Myers Squibb Company (BMS) is engaged in the discovery development licensing manufacturing marketing distribution and sale of biopharmaceutical products across the world. The Company’s products are sold to wholesalers retail pharmacies hospitals government entities and the medical profession. The Company manufactures its products in the United States Puerto Rico and in six foreign countries. The Company promotes the use of its products directly to healthcare professionals and providers such as doctors nurse practitioners physician assistants pharmacists technologists hospitals Pharmacy Benefit Managers (PBMs) and Managed Care Organizations (MCOs). It also provides information about the use of its products to consumers in the United States through direct-to-consumer print radio television and digital advertising and promotion. In addition the Company holds rights to F001287 which is a preclinical small-molecule IDO1-inhibitor.

Bristol-Myers Squibb Co

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Bristol-Myers Squibb Co - Is it time to Sell?

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