Boston Scientific Corp. (BSX) Price Aside, BSX Fundamentals Booming Beyond Compare

The price of Boston Scientific Corp. (NYSE:BSX) shares last traded on Wall Street rose 0.25% to $51.56.

Based on available information, 33 analysts follow Boston Scientific Corp. (NYSE:BSX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $52.50, we find $60.00. Given the previous closing price of $51.43, this indicates a potential upside of 16.66 percent. BSX stock price is now -1.07% away from the 50-day moving average and 0.97% away from the 200-day moving average. The market capitalization of the company currently stands at $75.53B.

Among analysts, 4 rate the stock a hold while 23 rate it a buy. Brokers who have rated the stock have averaged $60.33 as their price target over the next twelve months.

With the price target of $59, Robert W. Baird recently initiated with Outperform rating for Boston Scientific Corp. (NYSE: BSX).

In other news, Mahoney Michael F, Chairman, President & CEO sold 113,356 shares of the company’s stock on Nov 06. The stock was sold for $5,951,983 at an average price of $52.51. Upon completion of the transaction, the Chairman, President & CEO now directly owns 1,498,922 shares in the company, valued at $77.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, EVP, Human Resources Carruthers Wendy sold 11,671 shares of the business’s stock. A total of $581,063 was realized by selling the stock at an average price of $49.79. This leaves the insider owning 51,795 shares of the company worth $2.67 million. Insiders disposed of 1,268,442 shares of company stock worth roughly $65.4 million over the past 1 year. A total of 0.48% of the company’s stock is owned by insiders.

A candlestick chart of Boston Scientific Corp. (NYSE: BSX) showed a price of $51.65 on Friday morning. During the past 12 months, Boston Scientific Corp. has had a low of $40.95 and a high of $55.38. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.42, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $83.88B, which is based on a 63.16 price-to-earnings ratio, a 5.09 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for BSX is $52.07 and a two-hundred day moving average price translates $51.09 for the stock.

The latest earnings results from Boston Scientific Corp. (NYSE: BSX) was released for Sep, 2023. According to the Medical Devices Company, earnings per share came in at $0.53, beating analysts’ expectations of $0.49 by 0.04. This compares to $0.13 EPS in the same period last year. The net profit margin was 8.66% and return on equity was 6.72% for BSX. The company reported revenue of $3.53 billion for the quarter, compared to $3.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.26 percent. For the current quarter, analysts expect BSX to generate $3.47B in revenue.

Boston Scientific Corp.(BSX) Company Profile

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg and Cardiovascular segments. The company offers devices to diagnose and treat gastrointestinal and pulmonary conditions; devices to treat various urological and pelvic conditions; implantable cardioverter and implantable cardiac resynchronization therapy defibrillators; pacemakers and implantable cardiac resynchronization therapy pacemakers; and remote patient management systems. It also provides medical technologies to diagnose and treat rate and rhythm disorders of the heart comprising 3-D cardiac mapping and navigation solutions, ablation catheters, diagnostic catheters, mapping catheters, intracardiac ultrasound catheters, delivery sheaths, and other accessories; spinal cord stimulator systems for the management of chronic pain; indirect decompression systems; and deep brain stimulation systems. In addition, the company offers interventional cardiology products, that uses in the treatment of coronary artery disease and aortic valve conditions. Further, it provides stents, balloon catheters, guidewires, atherectomy, and thrombectomy systems to treat arterial and venous diseases; and peripheral embolization devices, radioactive microspheres, cryotherapy ablation systems, and micro and drainage catheters to treat cancer. The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts.

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