Bristol-Myers Squibb Company (BMY): Today's Featured Drugs Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Bristol-Myers Squibb Company ( BMY) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 2.8%. By the end of trading, Bristol-Myers Squibb Company rose $1.15 (2.1%) to $56.18 on heavy volume. Throughout the day, 12,948,568 shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 7,075,400 shares. The stock ranged in a price between $55.42-$56.28 after having opened the day at $55.82 as compared to the previous trading day's close of $55.03. Other companies within the Drugs industry that increased today were: Rexahn Pharmaceuticals ( RNN), up 70.0%, Intercept Pharmaceuticals ( ICPT), up 61.6%, Conatus Pharmaceuticals ( CNAT), up 45.4% and Endocyte ( ECYT), up 28.6%.

Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers Squibb Company has a market cap of $88.0 billion and is part of the health care sector. The company has a P/E ratio of 32.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.5% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Bristol-Myers Squibb Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, solid stock price performance, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Chelsea Therapeutics International ( CHTP), down 29.2%, Mast Therapeutics ( MSTX), down 27.7%, MannKind Corporation ( MNKD), down 16.4% and Aegerion Pharmaceuticals ( AEGR), down 10.8%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider SPDR S&P Pharmaceuticals ETF ( XPH) while those bearish on the drugs industry could consider ProShares UltraShort Nasdaq Biotech ( BIS).

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