BHC - Bausch Health Companies Inc.

NYSE - NYSE Delayed Price. Currency in USD
22.86
-0.29 (-1.25%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close23.15
Open23.16
Bid22.90 x 1400
Ask22.81 x 900
Day's Range22.81 - 23.37
52 Week Range17.20 - 28.45
Volume2,547,394
Avg. Volume3,056,729
Market Cap8.018B
Beta (3Y Monthly)2.19
PE Ratio (TTM)N/A
EPS (TTM)-2.61
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2010-11-10
1y Target Est29.73
Trade prices are not sourced from all markets
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    Weekly CEO Buys Highlight

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    Bausch Health Inc (BHC) CHAIRMAN & CEO Joseph C Papa Bought $699,300 of Shares

    CHAIRMAN & CEO of Bausch Health Inc (30-Year Financial, Insider Trades) Joseph C Papa (insider trades) bought 30,000 shares of BHC on 09/13/2019 at an average price of $23.31 a share. Continue reading...

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  • Should You Worry About Bausch Health Companies Inc.'s (NYSE:BHC) CEO Pay?
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    Should You Worry About Bausch Health Companies Inc.'s (NYSE:BHC) CEO Pay?

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    Bausch Health Releases 2018 Corporate Social Responsibility Report

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    Why Is Bausch (BHC) Down 4.7% Since Last Earnings Report?

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  • MarketWatch

    Bausch to pay reduce its debt by about $200 million by repaying loans, redeeming bonds

    Bausch Health Companies Inc. said Tuesday it is planning to reduce its debt by about $200 million by repaying senior secured term loans and redeeming senior notes using cash flow from operations. The company, which was formerly called Valeant, said it will prepay about $100 million of senior secured term loans this week after which it will face no further mandatory amortization payments until 2021. The second $100 million payment will be made on Oct. 3. Bausch had about $24 billion of long-term debt at the end of June, according to FactSet data. Shares rose 0.9% premarket and have gained 15.5% in 2019, while the S&P 500 has gained 16.7%.

  • CNW Group

    Bausch Health To Reduce Debt By Approximately $200 Million Using Cash Flow From Operations

    LAVAL, Quebec , Sept. 3, 2019 /CNW/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") today announced it will reduce debt by approximately $200 million through the prepayment of senior secured term loans and the redemption of outstanding senior notes, using cash flow from operations. Bausch Health put in notice to prepay approximately $100 million of its senior secured term loans this week. After this prepayment, the Company will have no further mandatory amortization payments until 2021.

  • GuruFocus.com

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  • PR Newswire

    Bausch Health Companies Announces Participation In Upcoming Investor Conferences

    LAVAL, Quebec , Aug. 29, 2019 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) today announced that the Company will participate in three investor conferences. Paul S. Herendeen , executive ...

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  • Bull Signal Flashing for BHC Stock After Analyst Upgrade
    Schaeffer's Investment Research

    Bull Signal Flashing for BHC Stock After Analyst Upgrade

    TD Securities upgraded the equity to "buy"

  • Is Bausch Health Cos (BHC) Outperforming Other Medical Stocks This Year?
    Zacks

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  • Is Bausch Health Cos (BHC) a Good Value Investor Pick?
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    Is Bausch Health Cos (BHC) a Good Value Investor Pick?

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  • Thomson Reuters StreetEvents

    Edited Transcript of BHC earnings conference call or presentation 6-Aug-19 12:00pm GMT

    Q2 2019 Bausch Health Companies Inc Earnings Call

  • Bristol-Myers Squibb Stock Has Upside — But Mind the Risks
    InvestorPlace

    Bristol-Myers Squibb Stock Has Upside — But Mind the Risks

    The problem with Bristol-Myers Squibb (NYSE:BMY) is that it isn't what it once was. That's not to say the business has been run poorly. It's not even really a reference to the BMY stock price, which touched a six-year low. Rather, both the pharmaceutical industry and dividend investing have changed dramatically in the last 15-20 years.Source: Shutterstock After all, large-cap pharmaceutical stocks historically were safe havens. They were defensive stocks, largely unmoved by macro factors. Many investors in the sector were looking for dividends -- which in the case of Bristol-Myers Squibb often yielded 4% or more -- and safety.That combination of high yield and low risk is increasingly difficult, if not impossible, to find anymore -- in or out of the drug space. So many seemingly "safe" dividend stocks have either cut their payouts and/or fallen sharply. Income-seekers a few years ago could hardly have predicted that titans like General Electric (NYSE:GE), Kraft Heinz (NASDAQ:KHC), or Anheuser-Busch InBev (NYSE:BUD) would slash their payouts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Under $7 to Invest in Now That's particularly true in the pharmaceutical sector, which increasingly looks like a challenged industry. The SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) has fallen over 40% from 2015 peaks. The BMY stock price hasn't fared much better, dropping over one-third from 2016 highs, a decline that has more than wiped out dividend payments over that stretch. Merck (NYSE:MRK) has gained nicely in recent years; that company aside, most pharmaceutical stocks at best have underperformed and more often have declined.So an investor can't just look at Bristol-Myers Squibb stock here and see a cheap entry point for a safe 3.5% yield. But that doesn't mean an investor can't buy BMY stock. Bristol-Myers Squibb Buys CelgeneIt's tempting to look at weak returns in pharmaceutical plays and blame them largely on acquisitions. We've seen Bausch Health (NYSE:BHC) (formerly Valeant Pharmaceuticals), Teva Pharmaceuticals (NASDAQ:TEVA) and Mallinckrodt (NYSE:MNK) all lose at least 90% of their value after debt-fueled buying sprees failed. And now Bristol-Myers Squibb stock has taken a hit since the company announced its intent to acquire Celgene (NASDAQ:CELG).The deal looks likely to close within a few months, given recent approval in Europe. To satisfy U.S. regulators, Bristol-Myers Squibb is divesting Otezla, a psoriasis treatment.So far, at least, investors have treated the Celgene acquisition as another in the long history of value-destroying deals in the pharmaceutical industry. The BMY stock price has dropped 8.7% YTD despite strong performance in its business. In fact, full-year EPS guidance (which does not include Celgene) was raised after Q2 earnings last month.And there are risks here. Bristol-Myers Squibb is acquiring a company whose stock fell by more than half in the about 18 months before the deal was announced. Celgene's key drug, cancer treatment revlimid, faces patent expiration in 2026, with limited competition on the way in 2022. Celgene shareholders are acquiring almost one-third of the company at what, to bulls, looks like a cheap price. Bristol-Myers Squibb is taking on some $32 billion in debt in the process.Given the history of the industry, investors would be forgiven for selling first and asking questions later. And given that Bristol-Myers has been the subject of takeover rumors in the past, the deal likely takes a sale off the table, at least in the near-term. The Risks to BMY StockThere's a key risk in the legacy Bristol-Myers Squibb business, too. As noted, Merck stock has been a noted outperformer among large-cap pharmaceuticals. BMY stock, in contrast, has disappointed. And there's one key reason why.Merck's cancer immunotherapy Keytruda quickly is proving to be a blockbuster. As James Brumley noted last year, the drug is versatile, with approval to treat a range of cancers. Its success is leading to ever-higher estimates of peak sales, with some analysts now forecasting the drug could reach over $20 billion in revenue.In contrast, Bristol-Myers Squibb's Opdivo has been somewhat of a disappointment. The drug has been approved, and is driving sales: per the BMY 10-K, Opdivo and atrial fibrillation treatment Eliquis drove an 11% (about $1.2 billion) increase in U.S. revenue last year.But the BMY stock price dropped last month amid mixed results from a lung cancer study combining Opdivo with the company's Yervoy. BMY stock dropped 18% in a single session back in 2016 when Opdivo, tested alone, failed to meet endpoints in another lung cancer study.In the wake of the more recent study, Bristol-Myers Squibb CEO Giovanni Caforio forecast that Opdivo sales would see pressure in 2020 as a result. And it's not a coincidence that Merck shares rallied yet again. Opdivo is a nice product. Keytruda, however, is the obvious winner -- and so is Merck stock, at least so far. The Case for BMY StockAgain, it's important to understand the risks here. The Celgene deal is a bit of gamble, given the importance of revlimid (63% of revenue, as activist Starboard Value has pointed out) and the history of drug industry M&A. BMY itself lacks an obvious blockbuster, save for plaque psoriasis treatment TYK2.But it's important to understand the rewards, too. Based on the current earnings power on the two companies, plus an estimated $2.5 billion in cost savings, BMY stock trades at roughly 10x earnings. The debt load isn't nearly as big as it sounds: Celgene, in particular, should print cash in the near term, allowing for relatively quick deleveraging.Bristol-Myers Squibb should be able to raise its dividend as well. And while revlimid's expiration is a big deal, it's also over six years away. The combined company will have time to find new drugs -- or, potentially, acquire them. Celgene has five potential winners in development, and while no single drug likely will replace revlimid, a couple of wins could notably change its long-term profit contribution.Just last month I called BMY stock one of the 10 best dividend stocks to buy. I still believe that's the case. But it's important to understand why. It's not because Bristol-Myers Squibb is a guaranteed, safe, income investment, but because it is a company that could generate as much as $15 billion, if not more, in after-tax earnings in coming years. That kind of cash can make problems, and risks, go away.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post Bristol-Myers Squibb Stock Has Upside -- But Mind the Risks appeared first on InvestorPlace.

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  • Bausch Health Is Struggling to Go Sideways - Risk of Being Long
    TheStreet.com

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    For his "Executive Decision" segment on Mad Money Wednesday night, Jim Cramer sat down with Joe Papa, chairman and CEO of Bausch Health Cos. , which just posted a three-cents-a-share earnings miss but with a 1% rise in revenues. Papa said he's very excited about Bausch's eye care segment, as Bausch & Lomb remains a strong brand with intense customer loyalty.

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