At the time of writing, Boston Scientific Corp. [BSX] stock is trading at $67.44, down -0.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BSX shares have lost -1.82% over the last week, with a monthly amount glided 0.87%, 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.
For the past year, the stock price of Boston Scientific Corp. fluctuated between $48.35 and $69.21. 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
According to Boston Scientific Corp. [NYSE:BSX], the company’s sales were 14.24B for trailing twelve months, which represents an 14.90% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
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 66.91 points at the first support level, and at 66.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.47, and for the 2nd resistance point, it is at 69.49.
Ratios To Look Out For
It is important to note that Boston Scientific Corp. [NYSE:BSX] has a current ratio of 1.32. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 6.96, the price to book ratio is 5.13 and price to earnings (TTM) ratio is 63.01.
Transactions by insiders
Recent insider trading involved Sorenson John Bradley, EVP, Global Operations, that happened on Apr 01 ’24 when 16351.0 shares were sold. EVP, Human Resources, Carruthers Wendy completed a deal on Apr 01 ’24 to sell 6983.0 shares. Meanwhile, EVP&Pres, Periph Intervent Mirviss Jeffrey B. sold 14506.0 shares on Mar 18 ’24.
