Stocks Reach Their 3-Year Low Prices

Bristol-Myers Squibb and Express Scripts Holding reach historical low prices

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Jan 29, 2017
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Bristol-Myers Squibb Company (BMY, Financial) reached $47.74

The price of Bristol-Myers Squibb Company shares have declined to $47.74, which is only 3.6% above the three-year low of $46.01.

Bristol-Myers Squibb is an American pharmaceutical company that manufactures prescription pharmaceuticals in several therapeutic areas, including cancer, HIV/AIDS, cardiovascular disease and diabetes.

Bristol-Myers Squibb has a market cap of $82.66 billion; its shares were traded around $47.74 with a P/E ratio of 29.30 and P/S ratio of 5.51. The trailing 12-month dividend yield of Bristol-myers Squibb is 3.09%. The forward dividend yield is 3.33%. Bristol-Myers Squibb had an annual average earnings growth of 9.90% over the past 10 years.

On Jan. 20 Bristol-Myers Squibb announced that it has signed a global patent license agreement with Merck & Co. to settle all patent infringement related to Merck’s PD-1 antibody Keytruda. The agreement will case the dismissal of all patent litigation between the companies regarding Keytruda.

Express Scripts Holding Co. (ESRX, Financial) reached $67.59

The price of Express Scripts Holding shares have declined to $67.59, which is only 4.6% above the three-year low of $64.46.

Express Scripts Holding is an American pharmaceutical company that is the largest pharmacy benefit management organization and the 20th largest company in the U.S. The company provides integrated pharmacy management services including networking pharmacy claims processing, home delivery pharmacy services and specialty pharmacy benefit management.

Express Scripts Holding has a market cap of $40.85 billion; its shares were traded around $67.59 with a P/E ratio of 15.70 and P/S ratio of 0.46. Express Scripts Holding had an annual average earnings growth of 22.50% over the past 10 years.

On Jan. 18 Express Scripts Holding announced that it intends to release its 2016 fourth quarter and full year financial results on Feb. 14. The company will hold its quarterly conference call to discuss 2016 fourth quarter and full year financial results on Feb. 15.

BT Group PLC (BT, Financial) reached $19.43

The price of BT Group PLC shares have declined to $19.43, which is only 1.5% above the three-year low of $19.14.

BT Group is a British holding company which owns British Telecommunications, a British international telecommunications services company. BT Group has operations in more than 180 countries and its BT Global Services division provides telecoms services to corporate and government customers worldwide.

BT Group has a market cap of $38.61 billion; its shares were traded around $19.43 with a P/E ratio of 10.12 and P/S ratio of 1.31. The trailing 12-month dividend yield of BT Group stocks is 4.84%. The forward dividend yield is 4.85%. BT Group had an annual average earnings growth of 0.30% over the past five years.

On Jan. 27 BT Group announced its results for the third quarter of fiscal 2016. Reported revenue is up 32% from the same fiscal period from the previous year, while reported earnings per share is down 59% and adjusted EPS was down 24%. Net cash inflow from operating activities is £1,515 million, down £178 million from the same quarter of the previous fiscal year.

Wipro Ltd. (WIT, Financial) reached $9.52

The price of Wipro shares have declined to $9.52, which is only 4.5% above the three-year low of $9.09.

Wipro is an Indian international information technology services corporation. Its primary focus is on business consulting and IT services, including systems integration, consulting, information systems outsourcing, IT enabled services and R&D services. The company has 173,863 employees as of June 2016.

Wipro has a market cap of $23.15 billion; its shares were traded around $9.52 with a P/E ratio of 13.41 and P/S ratio of 2.11. The trailing 12-month dividend yield of Wipro stocks is 0.91%. The forward dividend yield is 0.32%. Wipro had an annual average earnings growth of 16.10% over the past 10 years.

On Jan. 25 Wipro signed an agreement to acquire InfoSERVER for $8.7 million. InfoSERVER is an IT services provider that provides custom application development and software deployment services. Some of the largest and oldest banks of Brazil are clients of InfoServer, and Wipro will continue to service them after the acquirement.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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