A share price of Boston Scientific Corp. [BSX] is currently trading at $67.44, down -0.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BSX shares have gain 2.12% over the last week, with a monthly amount glided 1.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Boston Scientific Corp. [NYSE: BSX] stock has seen the most recent analyst activity on February 01, 2024, when Mizuho upgraded its rating to a Buy and also boosted its price target to $80 from $65. Previously, Robert W. Baird started tracking the stock with Outperform rating on July 19, 2023, and set its price target to $59. On June 30, 2023, CL King initiated with a Buy rating and assigned a price target of $64 on the stock. UBS initiated its recommendation with a Buy and recommended $57 as its price target on March 29, 2023. Mizuho started tracking with a Neutral rating for this stock on December 22, 2022, and assigned it a price target of $52.
Boston Scientific Corp. experienced fluctuations in its stock price throughout the past year between $47.51 and $68.07. Currently, Wall Street analysts expect the stock to reach $57.93 within the next 12 months. Boston Scientific Corp. [NYSE: BSX] shares were valued at $67.44 at the most recent close of the market. An investor can expect a potential drop of -14.1% based on the average BSX price forecast.
Analyzing the BSX fundamentals
Trailing Twelve Months sales for Boston Scientific Corp. [NYSE:BSX] were 14.24B which represents 14.90% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.04 points at the first support level, and at 66.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.83, and for the 2nd resistance point, it is at 68.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Boston Scientific Corp. [NYSE:BSX] is 1.32. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 6.95, the price to book ratio is 5.13 and price to earnings (TTM) ratio is 63.01.
Transactions by insiders
Recent insider trading involved Mirviss Jeffrey B., EVP&Pres, Periph Intervent, that happened on Mar 18 ’24 when 14506.0 shares were sold. EVP, Human Resources, Carruthers Wendy completed a deal on Mar 01 ’24 to sell 6983.0 shares. Meanwhile, EVP& Grp Pres, MedSurg & APAC Butcher Arthur C sold 9335.0 shares on Feb 26 ’24.
