Bristol-Myers Squibb (NYSE:BMY) is down over 4% year-to-date, but the stock is looking in a good shape for future gains. The company has a promising pipeline, and outperforming drugs, including cancer treatments Opdivo, Yervoy, Sprycel and Empliciti. Bristol’s autoimmune drug Orencia is also returning solid growth.
Unlike other US pharmaceutical companies, Bristol-Myers Squibb (NYSE:BMY) is targeting China, one of the largest markets. The company will launch to Hepatitis C drugs in three Chinese provinces this quarter. If sales of these drugs take off, the stock will get a major boost. Almost all of the top performing drugs patents of Bristol-Myers Squibb (NYSE:BMY) are valid till 2027, so the company has a lot of time to work on alternatives and pipeline.
Over the current book year the total revenue will be 20,45 billion USD (consensus estimates). This is slightly more than 2016's revenue of 19,43 billion USD.
The analysts expect for 2017 a net profit of 4,93 billion USD. For this year the consensus of Bristol-Myers Squibb 's result per share is a profit of 2,97 USD. The price/earnings-ratio is then 19,1.
Per share the analysts expect a dividend of 1,58 USD per share. The dividend yield is then 2,79 percent. The average dividend yield of the pharmaceutical companies equals a poor 1,28 percent.Based on the current number of shares Bristol-Myers Squibb 's market capitalization equals 94,23 billion USD.
On Friday the stock closed at 56,73 USD.
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