Boston Scientific Corporation (NYSE:BSX) has been assigned a consensus rating of “Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.91.
BSX has been the topic of several analyst reports. BMO Capital Markets increased their target price on Boston Scientific from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. SunTrust Banks set a $33.00 target price on Boston Scientific and gave the company a “buy” rating in a research note on Monday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price target on shares of Boston Scientific in a research report on Tuesday, January 16th. Evercore ISI began coverage on Boston Scientific in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $27.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $31.00 price target on shares of Boston Scientific in a research report on Tuesday, November 7th.
Boston Scientific (NYSE BSX) traded up $0.10 during trading hours on Tuesday, reaching $27.20. The company’s stock had a trading volume of 6,710,000 shares, compared to its average volume of 9,700,000. Boston Scientific has a 1 year low of $23.29 and a 1 year high of $29.93. The company has a quick ratio of 0.50, a current ratio of 0.72 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $37,350.00, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81.
Boston Scientific (NYSE:BSX) last released its earnings results on Thursday, February 1st. The medical equipment provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Boston Scientific had a return on equity of 24.04% and a net margin of 1.15%. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. sell-side analysts expect that Boston Scientific will post 1.37 EPS for the current year.
In related news, SVP Maulik Nanavaty sold 15,568 shares of Boston Scientific stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.38, for a total value of $395,115.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Valley Gold Master Fund L. Sun bought 408,006 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of $0.45 per share, for a total transaction of $183,602.70. In the last three months, insiders sold 177,032 shares of company stock worth $4,648,733. 0.74% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Truewealth LLC acquired a new stake in Boston Scientific in the 4th quarter valued at approximately $116,000. Icon Wealth Partners LLC bought a new position in Boston Scientific in the fourth quarter valued at approximately $117,000. Valeo Financial Advisors LLC bought a new position in Boston Scientific in the third quarter valued at approximately $138,000. Steward Partners Investment Advisory LLC bought a new position in Boston Scientific in the third quarter valued at approximately $139,000. Finally, Cerebellum GP LLC bought a new position in Boston Scientific in the fourth quarter valued at approximately $126,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
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About Boston Scientific
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.
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