Boston Scientific Corporation [NYSE: BSX] jumped around 0.76 points on Monday, while shares priced at $39.24 at the close of the session, up 1.98%.
Boston Scientific Corporation stock is now -13.22% down from its year-to-date (YTD) trading value. BSX Stock saw the intraday high of $39.34 and lowest of $38.66 per share. The company’s 52-week high price is 46.62, which means current price is +62.82% above from all time high which was touched on 01/09/20.
Compared to the average trading volume of 7.68M shares, BSX reached a trading volume of 4444093 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Boston Scientific Corporation [BSX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BSX shares is $46.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BSX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Boston Scientific Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 17, 2020. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on September 11, 2020, representing the official price target for Boston Scientific Corporation stock. Previously, the target price had yet another raise to $40, while SVB Leerink analysts kept a Mkt Perform rating on BSX stock. On April 01, 2020, analysts decreased their price target for BSX shares from 46 to 38.
The Average True Range (ATR) for Boston Scientific Corporation is set at 0.96, with the Price to Sales ratio for BSX stock in the period of the last 12 months amounting to 5.52. The Price to Book ratio for the last quarter was 3.54, with the Price to Cash per share for the same quarter was set at 1.21. Price to Free Cash Flow for BSX in the course of the last twelve months was 61.46 with Quick ratio for the last quarter at 1.40.
How has BSX stock performed recently?
Boston Scientific Corporation [BSX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.26. With this latest performance, BSX shares dropped by -5.42% in over the last four-week period, additionally plugging by 19.34% over the last 6 months – not to mention a drop of -3.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BSX stock in for the last two-week period is set at 52.67, with the RSI for the last a single of trading hit 56.18, and the three-weeks RSI is set at 51.43 for Boston Scientific Corporation [BSX]. The present Moving Average for the last 50 days of trading for this stock 39.34, while it was recorded at 38.42 for the last single week of trading, and 38.17 for the last 200 days.
Boston Scientific Corporation [BSX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Boston Scientific Corporation [BSX] shares currently have an operating margin of +15.95 and a Gross Margin at +64.08. Boston Scientific Corporation’s Net Margin is presently recorded at +43.78.
Return on Total Capital for BSX is now 8.56, given the latest momentum, and Return on Invested Capital for the company is 25.91. Return on Equity for this stock inclined to 41.59, with Return on Assets sitting at 18.23. When it comes to the capital structure of this company, Boston Scientific Corporation [BSX] has a Total Debt to Total Equity ratio set at 74.59. Additionally, BSX Total Debt to Total Capital is recorded at 42.72, with Total Debt to Total Assets ending up at 33.87. Long-Term Debt to Equity for the company is recorded at 63.90, with the Long-Term Debt to Total Capital now at 36.60.
Reflecting on the efficiency of the workforce at the company, Boston Scientific Corporation [BSX] managed to generate an average of $130,556 per employee. Receivables Turnover for the company is 6.06 with a Total Asset Turnover recorded at a value of 0.42.Boston Scientific Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.90.
Earnings analysis for Boston Scientific Corporation [BSX]
With the latest financial reports released by the company, Boston Scientific Corporation posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BSX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Boston Scientific Corporation go to 8.63%.
Insider trade positions for Boston Scientific Corporation [BSX]
There are presently around $51,195 million, or 93.80% of BSX stock, in the hands of institutional investors. The top three institutional holders of BSX stocks are: BLACKROCK INC. with ownership of 124,149,369, which is approximately 16.352% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 113,120,042 shares of the stock with an approximate value of $4.44 billion in BSX stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.31 billion in BSX stock with ownership of nearly 4.475% of the company’s market capitalization.
Positions in Boston Scientific Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 454 institutional holders increased their position in Boston Scientific Corporation [NYSE:BSX] by around 145,957,480 shares. Additionally, 322 investors decreased positions by around 126,330,815 shares, while 119 investors held positions by with 1,032,364,699 shares. The mentioned changes placed institutional holdings at 1,304,652,994 shares, according to the latest SEC report filing. BSX stock had 111 new institutional investments in for a total of 21,075,869 shares, while 65 institutional investors sold positions of 9,658,951 shares during the same period.