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How to Buy Bristol Myers Squibb Co Stock

Bristol Myers Squibb Co

Bristol Myers Squibb Co is a general drug manufacturer company located in New York, United States, which is part of the Healthcare sector, and is traded under the ticker BMY on the NYSE exchange.

Bristol Myers Squibb Co stock last closed at $48.93, up 1.3% from the previous day, and has decreased 29.96% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.4 percentage points. Bristol Myers Squibb Co stock is currently +2.84% from its 52-week low of $47.58, and -31.02% from its 52-week high of $70.94.

As of Apr 19, 2024, there are 2.02B BMY shares outstanding. The market value of BMY is $98.95B. In the last 24 hours, 10.27M BMY shares were traded.

How to Buy Bristol Myers Squibb Co Stock

Not sure how to invest in Bristol Myers Squibb Co stock? Here's how.
  1. Decide where to buy Bristol Myers Squibb Co stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Bristol Myers Squibb Co stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your details.
  4. Evaluate Bristol Myers Squibb Co stock: The Bristol Myers Squibb Co ticker symbol is BMY. Is Bristol Myers Squibb Co stock a good investment? Should you buy shares of BMY? How do BMY's underlying business fundamentals look? Do top analysts think Bristol Myers Squibb Co is a good buy? Why has BMY's stock price moved recently? (Hint: Our stock research tools can help you decide if BMY is a good stock to buy).
  5. Execute your BMY trade: Decide if you will purchase BMY shares at the current market price or use a limit order to purchase BMY shares at a specific price.
  6. Keep tabs on your investment in BMY: Create a watchlist to the latest updates on your position in Bristol Myers Squibb Co stock.

Step 1: Decide where to buy Bristol Myers Squibb Co stock

You will need an online brokerage account in order to access the NYSE market and buy BMY stock.

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Step 2: Create a brokerage account

Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to invest in BMY stock today.

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Step 3: Put funds into your brokerage account

Now that you have filled out your info on the best stock investing app, your next step is to transfer the money for your investment:

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Step 4: Evaluate Bristol Myers Squibb Co stock

Once you have decided on the best place to buy Bristol Myers Squibb Co stock, it's crucial to evaluate their stock prior to investing, so you can understand the risk as well as the upside.

Bristol Myers Squibb Co Metrics

BMY Price
$48.93
1w %
1.35%
1y %
-29.96%
5y %
8.16%
P/E
12.61x
P/B
3.36x
P/S
2.2x
PEG
0.4x
Revenue
$45.01B
Earnings
$8.03B
Fore. Rev. Growth
-0.06%
Fore. Earn. Growth
31.73%
Market Cap
$98.95B
Next Earnings
Apr 25, 2024
Next Dividend
May 1, 2024

Bristol Myers Squibb Co Due Diligence Checks

WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on BMY's stock page.

Is BMY stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge BMY's fair value.

Using relative valuations ratios:

  • BMY may be undervalued based on its P/E ratio of 12.61x, relative to Drug Manufacturers - General industry P/E ratio of 152.97x
  • BMY may be undervalued based on its P/B ratio of 3.36x, relative to Drug Manufacturers - General industry P/B ratio of 5.79x
  • BMY may be undervalued based on its PEG ratio of 0.4x

You can access more valuation research on BMY's stock here.

A quick look at BMY Financials

Positive Financial Indicators:

  • BMY earnings of $8.43B is not enough to cover its interest payments.
  • BMY profit margin has gone up from 13.7% to 17.8% in the past year.
  • BMY's operating cash flow of $13.86B allows it to safely service it's debt of $39.77B.
  • There are more short-term assets than short-term liabilities on the BMY balance sheet.

Negative Financial Indicators:

  • Total BMY debt is higher than 5 years ago, relative to shareholder equity.
  • BMY has a relatively high debt to equity ratio of 2.23.
  • There are more long-term liabilities than short-term assets on the BMY balance sheet.

Is BMY stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 12 Equities analysts who monitor BMY, the consensus analyst rating on BMY is a Hold

It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Latest BMY Analyst Forecasts

Narumi Nakagiri, a bottom 45% analyst from Daiwa Capital downgrades BMY to a hold rating and lowers their BMY price target from $68.00 to $54.00, on Nov 2, 2023.

Chris Shibutani, a top 22% analyst from Goldman Sachs maintains BMY with a strong buy rating and lowers their BMY price target from $81.00 to $69.00, on Oct 30, 2023.

Terence Flynn, a top 7% analyst from Morgan Stanley maintains BMY with a strong sell rating and lowers their BMY price target from $56.00 to $50.00, on Oct 27, 2023.

Carter Gould, a top 21% analyst from Barclays maintains BMY with a hold rating and lowers their BMY price target from $60.00 to $51.00, on Oct 27, 2023.

Evan Seigerman, a bottom 10% analyst from BMO Capital downgrades BMY to a hold rating and announces their BMY price target of $60.00, on Oct 27, 2023.

You can dig deeper into what analysts are projecting on the Bristol Myers Squibb Co stock forecast page.

BMY Momentum

SMA10
49.22
SMA20
50.85
SMA50
51.12
SMA100
50.76
SMA200
54.49
MACD
-0.96
MACD Signal
-0.62
MACD Histogram
-0.34
RSI
39.16
Stochastic %K
11.78
Stochastic %D
6.71
StochRSI %K
18.44
StochRSI %D
9.09

BMY Revenue

Last year, BMY earnings were $8.03B. Over the last 5 year, BMY's earnings have grown by 5.21% per year. This was faster than the Drug Manufacturers - General industry average of 0.77%.

Last year, BMY revenue was $45.01B. Over the past five year, BMY's revenue has grown by 14.81% per year. This was faster than the Drug Manufacturers - General industry average of 7.06%.

You can analyze BMY's earnings and revenue performance here.

Are BMY insiders buying or selling the stock?

In the last year, executives and large shareholders at BMY have sold more shares than they have bought.

Karin Shanahan, EVP Glob. Prod. Dev. Supply of BMY, was the latest BMY insider to sell. They sold $63,376.04 worth of BMY stock on Apr 1, 2024.

Dig into more about who owns BMY shares here.

Can I rely on BMY as an income stream?

Bristol Myers Squibb Co pays a dividend of 4.78%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.4%. If you owned $1,000 worth of BMY stock, you would have received $47.82 in the past 12 months.

Bristol Myers Squibb Co dividend payments have consistently grown over the past decade and have remained stable.

Dig into more analysis about Bristol Myers Squibb Co dividend yield and history here.

What others are saying about BMY

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Step 5: Execute your BMY trade

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.

Hit the Open Trade button and your broker will execute your order.

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Step 6: Keep tabs on your investment in BMY

Now that you own some BMY stock, you'll want to stay up-to-date on your company.

Create a watchlist to track the latest developments regarding your BMY stock.

BMY Feed

How to Buy Stock in Bristol Myers Squibb Co

To summarize, here are the 6 steps you need to take to buy Bristol Myers Squibb Co stock right now:

  1. Decide where to buy Bristol Myers Squibb Co stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Bristol Myers Squibb Co stock
  5. Execute your BMY trade
  6. Keep tabs on your investment in BMY

If you need a brokerage, eToro is our favorite option.

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If you would like to monitor your investment in Bristol Myers Squibb Co, create a watchlist today.

NYSE: BMY
$48.93+0.63 (+1.3%)
Updated Apr 19, 2024
Open eToro Account
NYSE: BMY
$48.93+0.63 (+1.3%)
Updated Apr 19, 2024
Open eToro Account

FAQ

How much does it cost to buy one Bristol Myers Squibb Co share?

As of Apr 19, 2024, it costs $48.93 to buy one share of Bristol Myers Squibb Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.204 shares of BMY.

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Is now a good time to buy Bristol Myers Squibb Co stock?

According to 12 Wall Street analysts who monitor Bristol Myers Squibb Co, their consensus recommendation is to hold Bristol Myers Squibb Co stock.

What is the best way to buy Bristol Myers Squibb Co stock?

One way to place an order for Bristol Myers Squibb Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.