Saturday, January 23, 2021

For Boston Scientific Corporation [BSX], Analyst sees a rise to $47. What next?

Must read

Social Network Snapchat (SNAP) Risen After Positive Review

A favorable opinion from analysts at MoffettNathanson was obtained by Snap Inc. (SNAP), which owns the social network Snapchat. The news was the driver...

PACCAR Inc (PCAR) Deal allows Aurora Autonomous Truck Validation

Aurora, a Silicon Valley-based autonomous driving startup with a $10 billion evaluation has entered a partnership with PACCAR Inc (PCAR),  to make light, medium...

Why Stratasys Ltd. (SSYS) Share Jumped over 12%?

The share price of Stratasys Ltd. (SSYS) jumped 12.53% to $35.84. A positive comment prompted the move, suggesting the company’s potential leadership in the...

Square (SQ) Will Continue To Grow?

The Square Inc. (SQ) payment network has been one of the winners of an accelerated transition to non-cash payments in the wake of the...

Boston Scientific Corporation [NYSE: BSX] plunged by -$1.11 during the normal trading session on Tuesday and reaching a high of $36.37 during the day while it closed the day at $35.33. The company report on January 13, 2021 that Lawsuits Filed Against BSX, QIWI and OTGLY – Jakubowitz Law Pursues Shareholders Claims.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Boston Scientific Corporation (NYSE:BSX).

Boston Scientific Corporation stock has also loss -2.51% of its value over the past 7 days. However, BSX stock has declined by -15.82% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.31% and lost -1.72% year-on date.

The market cap for BSX stock reached $50.33 billion, with 1.43 billion shares outstanding and 1.43 billion shares in the current float. Compared to the average trading volume of 13.71M shares, BSX reached a trading volume of 19607190 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $43.29 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 0.82, with the Price to Sales ratio for BSX stock in the period of the last 12 months amounting to 4.98. The Price to Book ratio for the last quarter was 3.25, with the Price to Cash per share for the same quarter was set at 1.42. Price to Free Cash Flow for BSX in the course of the last twelve months was 44.78 with Quick ratio for the last quarter at 1.40.

BSX stock trade performance evaluation

Boston Scientific Corporation [BSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.51. With this latest performance, BSX shares gained by 3.91% in over the last four-week period, additionally plugging by 0.31% over the last 6 months – not to mention a drop of -22.30% 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 49.05, with the RSI for the last a single of trading hit 46.03, and the three-weeks RSI is set at 49.17 for Boston Scientific Corporation [BSX]. The present Moving Average for the last 50 days of trading for this stock 35.10, while it was recorded at 36.37 for the last single week of trading, and 36.80 for the last 200 days.

Boston Scientific Corporation [BSX]: An insightful look at the core 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 per share (EPS) analysis for Boston Scientific Corporation [BSX] stock

With the latest financial reports released by the company, Boston Scientific Corporation posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.50%. 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 7.72%.

Boston Scientific Corporation [BSX]: Insider Ownership positions

There are presently around $47,193 million, or 94.70% of BSX stock, in the hands of institutional investors. The top three institutional holders of BSX stocks are: BLACKROCK INC. with ownership of 128,853,990, which is approximately 3.789% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 112,005,986 shares of the stock with an approximate value of $4.08 billion in BSX stocks shares; and STATE STREET CORP, currently with $2.33 billion in BSX stock with ownership of nearly -1.229% of the company’s market capitalization.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Positions in Boston Scientific Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 401 institutional holders increased their position in Boston Scientific Corporation [NYSE:BSX] by around 83,152,529 shares. Additionally, 371 investors decreased positions by around 78,236,134 shares, while 129 investors held positions by with 1,133,699,850 shares. The mentioned changes placed institutional holdings at 1,295,088,513 shares, according to the latest SEC report filing. BSX stock had 80 new institutional investments in for a total of 18,238,920 shares, while 70 institutional investors sold positions of 6,395,668 shares during the same period.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

PACCAR Inc (PCAR) Deal allows Aurora Autonomous Truck Validation

Aurora, a Silicon Valley-based autonomous driving startup with a $10 billion evaluation has entered a partnership with PACCAR Inc (PCAR),  to make light, medium...

Why Stratasys Ltd. (SSYS) Share Jumped over 12%?

The share price of Stratasys Ltd. (SSYS) jumped 12.53% to $35.84. A positive comment prompted the move, suggesting the company’s potential leadership in the...

Square (SQ) Will Continue To Grow?

The Square Inc. (SQ) payment network has been one of the winners of an accelerated transition to non-cash payments in the wake of the...

Social Network Snapchat (SNAP) Risen After Positive Review

A favorable opinion from analysts at MoffettNathanson was obtained by Snap Inc. (SNAP), which owns the social network Snapchat. The news was the driver...

Norwegian Cruise Line (NCLH) Has Growth Opportunity This Year

The Norwegian Cruise Line Holdings Inc. (NCLH) cruise group was the most affected by the cancellation of cruises during the COVID-19 coronavirus, losing more...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.