3 Top Pharma Stocks To Buy This Month

The company’s other multiple myeloma drug, Pomalyst, is also aiding revenue growth. BMY has an overall grade of A, which translates into a Strong Buy rating in our POWR Ratings system. The company has a Growth Grade of A as sales have grown an average of 20.4% over the past five years. Plus, EBITDA is expected to rise 30% this year.

BMY also has a Value Grade of A due to its attractive valuation metrics. For instance, the company has a forward P/E of only 8.69 and a price-to-book ratio of 3.86, below the industry average. We also provide Momentum, Stability, Sentiment, and Quality grades for BMY, which you can find here. BMY is ranked #6 in the Medical – Pharmaceuticals industry. For more stock in this industry, click here.

Johnson & Johnson (JNJ

JNJ, the world’s largest healthcare firm, operates through three divisions: pharmaceutical, medical devices and diagnostics, and consumer. The drug and device segments represent close to 80% of sales and drive the majority of cash flows for the firm. The consumer segment includes offerings in baby care, beauty, oral care, over-the-counter drugs, and women’s health.

As the economy has opened up in the United States, which is J&J’s primary market, the company is expected to see increased demand in the pharma and medical devices segments. This is especially notable in elective procedures and patient visit volumes, which should drive strong medical device sales and growth in pharmaceutical revenues.

The pharmaceutical segment is expected to benefit from increased demand for key drugs such as Stelara, Imbruvica, Darzalex, and a strong pipeline of 14 novel drugs expected to launch by the end of 2023. JNJ has an overall grade of A, which is a Strong Buy rating in our POWR Ratings system. The company has a Stability Grade of A as both its financials and price returns have been stable.

JNJ also has a Quality Grade of B due to a healthy balance sheet. The company had $24.6 billion in cash as of the end of the most recent quarter. This compares to only $3.4 billion in short-term debt. Management is also quite efficient, with a return on equity of 23%. For the rest of J&J’s grades (Growth, Value, Momentum, and Sentiment), click here. JNJ is ranked #1 in the Medical – Pharmaceuticals industry.

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Roger Keats 1 month ago Member's comment

good overall summation of these stocks