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NYSE:BSX

Boston Scientific (BSX) Stock Forecast, Price & News

$51.54

-1.28 (-2.42%)

(As of 10/3/2023 ET)

Compare

Today's Range: $51.25
▼
$52.76
50-Day Range: $50.19
▼
$54.68
52-Week Range: $38.79
▼
$55.38

Volume: 8.41 million shs
Average Volume: 8.07 million shs
Market Capitalization: $75.46 billion

P/E Ratio: 85.89
Dividend Yield: N/A
Price Target: $60.10

Boston Scientific MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.6% Upside
$60.10 Price Target
Short Interest: Healthy
0.81% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.02
Upright™ Environmental Score
News Sentiment: 0.94
Based on 12 Articles This Week
Insider Trading: Selling Shares
$11.57 M Sold Last Quarter
Proj. Earnings Growth: 12.06%
From $1.99 to $2.23 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Medical Sector

43rd out of 966 stocks

Surgical & Medical Instruments Industry

10th out of 97 stocks

3.5

Analyst's Opinion

Consensus Rating
Boston Scientific has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 15 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $60.10, Boston Scientific has a forecasted upside of 16.6% from its current price of $51.54.
Amount of Analyst Coverage
Boston Scientific has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
0.81% of the outstanding shares of Boston Scientific have been sold short.
Short Interest Ratio / Days to Cover
Boston Scientific has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Boston Scientific has recently decreased by 2.78%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Boston Scientific does not currently pay a dividend.
Dividend Growth
Boston Scientific does not have a long track record of dividend growth.

4.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Boston Scientific has received a 60.69% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Medical monitors for cardiac surgery", "Surgical instruments for cardiac operations", "Cardiac resynchronization therapy (CRT) devices", "Wound closure devices", "Medical endoscopes", and "Coronary stents" products. See details.
Environmental Sustainability
The Environmental Impact score for Boston Scientific is -1.02.

3.3

News and Social Media Coverage

News Sentiment
Boston Scientific has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Boston Scientific this week, compared to 20 articles on an average week.
Search Interest
32 people have searched for BSX on MarketBeat in the last 30 days. This is an increase of 7% compared to the previous 30 days.
MarketBeat Follows
14 people have added Boston Scientific to their MarketBeat watchlist in the last 30 days. This is an increase of 27% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Boston Scientific insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,566,176.00 in company stock.
Percentage Held by Insiders
Only 0.53% of the stock of Boston Scientific is held by insiders.
Percentage Held by Institutions
89.11% of the stock of Boston Scientific is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Boston Scientific are expected to grow by 12.06% in the coming year, from $1.99 to $2.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Boston Scientific is 85.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boston Scientific is 85.89, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 147.92.
Price to Earnings Growth Ratio
Boston Scientific has a PEG Ratio of 2.07. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Boston Scientific has a P/B Ratio of 4.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Boston Scientific (NYSE:BSX) Stock

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.

BSX Price History

30 days | 90 days | 365 days | Advanced Chart

BSX Stock News Headlines

October 3, 2023 | msn.com

City of Boston to provide grants to fill vacant spaces

October 3, 2023 | forbes.com

How Boston Scientific Improves Quality Of Life With Innovative Medical Solutions

October 4, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.

October 2, 2023 | finance.yahoo.com

Stock Plays for October: 3 to Watch, According to J.P. Morgan

October 2, 2023 | finance.yahoo.com

Boston Scientific Announces Conference Call Discussing Third Quarter 2023 Results

September 30, 2023 | usatoday.com

Boston College receiver Ryan O'Keefe wheeled off field after collision

September 27, 2023 | benzinga.com

Here's How Much $100 Invested In Boston Scientific 15 Years Ago Would Be Worth Today

September 27, 2023 | finance.yahoo.com

Boston Scientific: Encouraging and Empowering Tomorrow’s STEM Pioneers

October 4, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

September 26, 2023 | finance.yahoo.com

Is Boston Scientific (BSX) Outperforming Other Medical Stocks This Year?

September 26, 2023 | msn.com

From stage in Boston, boygenius announces new EP

September 26, 2023 | americanbankingnews.com

Boston Scientific Co. (NYSE:BSX) Receives Consensus Recommendation of "Buy" from Brokerages

September 26, 2023 | americanbankingnews.com

Brokerages Set Boston Scientific Co. (NYSE:BSX) PT at $60.10

September 25, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights Amazon.com, Boeing, Regeneron, Boston Scientific and Waste Management

September 25, 2023 | msn.com

Boston Scientific (BSX) Set to Acquire Relievant Medsystems

September 25, 2023 | americanbankingnews.com

Boston Scientific Co. (NYSE:BSX) Expected to Post Q1 2025 Earnings of $0.65 Per Share

September 24, 2023 | americanbankingnews.com

Barclays Increases Boston Scientific (NYSE:BSX) Price Target to $60.00

September 24, 2023 | americanbankingnews.com

Boston Scientific Co. (NYSE:BSX) EVP Sells $872,685.00 in Stock

September 23, 2023 | msn.com

UBS Maintains Boston Scientific (BSX) Buy Recommendation

September 22, 2023 | nasdaq.com

Baird Maintains Boston Scientific (BSX) Outperform Recommendation

September 21, 2023 | bizjournals.com

Boston Scientific CEO joins CVS board of directors

September 21, 2023 | finance.yahoo.com

What Is the Boston Scientific Foundation?

September 21, 2023 | markets.businessinsider.com

Buy Rating for Boston Scientific: A Comprehensive Growth Strategy Backed by Robust Product Pipeline and Strong Market Presence

September 20, 2023 | msn.com

Boston Scientific Briefly Launches Into Buy Zone, But Investor Day Hype Cools

September 20, 2023 | finance.yahoo.com

Is Boston Scientific (BSX) Priced Right? A Comprehensive Guide to Its Market Value

September 20, 2023 | finance.yahoo.com

Boston Scientific Offers Bullish Guidance And Briefly Breaks Out

September 20, 2023 | msn.com

Crews battling 3-alarm fire at 2 triple-deckers in East Boston

See More Headlines

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BSX Company Calendar

Last Earnings: 7/27/2023
Today: 10/04/2023
Next Earnings (Confirmed): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Surgical & medical instruments
Sub-Industry: Health Care Equipment
Sector: Medical
Current Symbol: NYSE:BSX
CUSIP: 10113710
CIK: 885725
Web: www.bostonscientific.com
Phone: (508) 683-4000
Fax: 508-683-5675
Employees: 45,000
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $60.10
High Stock Price Forecast: $66.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +16.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.60
Trailing P/E Ratio: 85.89
Forward P/E Ratio: 25.90
P/E Growth: 2.07
Net Income: $698 million
Net Margins: 6.81%
Pretax Margin: 11.27%
Return on Equity: 15.16%
Return on Assets: 8.31%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 1.29
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $12.68 billion
Price / Sales: 5.95
Cash Flow: $2.54 per share
Price / Cash Flow: 20.29
Book Value: $12.27 per share
Price / Book: 4.20

Miscellaneous

Outstanding Shares: 1,464,220,000
Free Float: 1,456,463,000
Market Cap: $75.46 billion
Optionable: Optionable
Beta: 0.77

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Key Executives

Mr. Michael F. Mahoney (Age 58)
Chairman, Pres & CEO
Comp: $3.77M

Mr. Daniel J. Brennan (Age 57)
Exec. VP & CFO
Comp: $1.69M

Mr. Joseph M. Fitzgerald (Age 59)
Exec. VP & Group Pres of Cardiology
Comp: $1.53M

Mr. Jeffrey B. Mirviss (Age 57)
Exec. VP & Pres of Peripheral Interventions
Comp: $1.15M

Mr. Arthur Crosswell Butcher (Age 52)
Exec. VP and Group Pres of MedSurg & Asia Pacific
Comp: $1.4M

Mr. John Bradley Sorenson (Age 55)
Exec. VP of Global Operations

Mr. Jonathan R Monson
Sr. VP, Global Controller & Chief Accounting Officer

Ms. Jodi Euerle Eddy (Age 50)
Sr. VP and Chief Information & Digital Officer

Ms. Susan Vissers Lisa (Age 54)
VP of Investor Relations

Mr. Vance R. Brown
Sr. VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BSX Stock - Frequently Asked Questions

Should I buy or sell Boston Scientific stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Scientific in the last year. There are currently 1 hold rating, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BSX shares.
View BSX analyst ratings or view top-rated stocks.
What is Boston Scientific's stock price forecast for 2023?: 17 brokers have issued 1 year target prices for Boston Scientific's stock. Their BSX share price forecasts range from $50.00 to $66.00. On average, they expect the company's stock price to reach $60.10 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for BSX or view top-rated stocks among Wall Street analysts.
How have BSX shares performed in 2023?: Boston Scientific's stock was trading at $46.27 at the beginning of 2023. Since then, BSX shares have increased by 11.4% and is now trading at $51.5350.
View the best growth stocks for 2023 here.
Are investors shorting Boston Scientific?: Boston Scientific saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,220,000 shares, an increase of 40.1% from the August 15th total of 8,720,000 shares. Based on an average daily volume of 7,090,000 shares, the days-to-cover ratio is currently 1.7 days.
View Boston Scientific's Short Interest.
When is Boston Scientific's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our BSX earnings forecast.
How can I listen to Boston Scientific's earnings call?: Boston Scientific will be holding an earnings conference call on Thursday, October 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Boston Scientific's earnings last quarter?: Boston Scientific Co. (NYSE:BSX) posted its quarterly earnings results on Thursday, July, 27th. The medical equipment provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.04. The medical equipment provider earned $3.60 billion during the quarter, compared to analysts' expectations of $3.50 billion. Boston Scientific had a net margin of 6.81% and a trailing twelve-month return on equity of 15.16%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS.
Read the conference call transcript.
What ETFs hold Boston Scientific's stock?: ETFs with the largest weight of Boston Scientific (NYSE:BSX) stock in their portfolio include Simplify Health Care ETF (PINK), Goldman Sachs Future Health Care Equity ETF (GDOC), Fidelity Disruptive Medicine ETF (FMED), iShares U.S. Medical Devices ETF (IHI), Global X Aging Population ETF (AGNG), BlackRock Future Health ETF (BMED), BNY Mellon Sustainable US Equity ETF (BKUS) and JPMorgan Social Advancement ETF (UPWD).

What guidance has Boston Scientific issued on next quarter's earnings?: Boston Scientific issued an update on its FY 2023 earnings guidance on Thursday, September, 21st. The company provided earnings per share guidance of $1.96-$2.00 for the period, compared to the consensus estimate of $1.99. The company issued revenue guidance of $14.00 billion-$14.00 billion, compared to the consensus revenue estimate of $14.09 billion.
What is Michael F. Mahoney's approval rating as Boston Scientific's CEO?: 947 employees have rated Boston Scientific Chief Executive Officer Michael F. Mahoney on Glassdoor.com. Michael F. Mahoney has an approval rating of 98% among the company's employees. This puts Michael F. Mahoney in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Boston Scientific own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Boston Scientific investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AT&T (T), CVS Health (CVS), Walt Disney (DIS), Bank of America (BAC), Advanced Micro Devices (AMD), Visa (V) and Salesforce (CRM).
What is Boston Scientific's stock symbol?: Boston Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSX."
How do I buy shares of Boston Scientific?: Shares of BSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Boston Scientific's stock price today?: One share of BSX stock can currently be purchased for approximately $51.54.
How much money does Boston Scientific make?: Boston Scientific (NYSE:BSX) has a market capitalization of $75.46 billion and generates $12.68 billion in revenue each year. The medical equipment provider earns $698 million in net income (profit) each year or $0.60 on an earnings per share basis.
How many employees does Boston Scientific have?: The company employs 45,000 workers across the globe.
Does Boston Scientific have any subsidiaries?: The following companies are subsidiares of Boston Scientific: 34 Biomedical Merger Corp., 9357-1867 Quebec Inc., Acurate Industria e Comercio Ltda., Advanced Bionics, Advanced Stent Technologies, American Medical Systems, American Medical Systems Europe B.V., Apama Medical, Apama Medical Inc., Asthmatx, Atritech, Augmenix, Augmenix Inc., Augmenix K.K., BSC International Medical Trading (Shanghai) Co. Ltd., BSC Medical Device Technology (Shanghai) Co. Ltd., BTG, BTG Australasia Pty Ltd, BTG Europe B.V., BTG IM Holdings Ltd., BTG International (Holdings) Limited, BTG International Asia Limited, BTG International Canada Inc., BTG International Germany GmbH, BTG International Healthcare Inc., BTG International Healthcare LLC, BTG International Healthcare Limited, BTG International Inc., BTG International Limited, BTG Limited, BTG Management Services Limited, BTG Medikal Limited Sirketi, Bard Electrophysiology, Barosense, Biocompatibles Inc., Biocompatibles International Limited, Biocompatibles UK Limited, Boston Scientific (Malaysia) Sdn. Bhd., Boston Scientific (South Africa) Proprietary Limited, Boston Scientific (Thailand) Ltd., Boston Scientific (UK) Limited, Boston Scientific AG, Boston Scientific Argentina S.A., Boston Scientific Asia Pacific Pte. Ltd., Boston Scientific Benelux NV, Boston Scientific Canada Limited, Boston Scientific Ceska republika s.r.o., Boston Scientific Chile SpA, Boston Scientific Colombia Limitada, Boston Scientific Comercial de Costa Rica BSCR S.R.L., Boston Scientific Far East B.V., Boston Scientific Gesellschaft m.b.H., Boston Scientific Group plc, Boston Scientific Hellas S.A., Boston Scientific Hong Kong Limited, Boston Scientific Iberica S.A., Boston Scientific India Private Limited, Boston Scientific International B.V., Boston Scientific International Finance Limited, Boston Scientific International S.A., Boston Scientific Israel Ltd., Boston Scientific Japan K.K., Boston Scientific Korea Co. Ltd., Boston Scientific Lebanon SAL, Boston Scientific Limited, Boston Scientific Ltd., Boston Scientific Medical Device, Boston Scientific Medical Device Limited, Boston Scientific Medizintechnik GmbH, Boston Scientific Middle East FZ-LLC, Boston Scientific Middle East SAL, Boston Scientific Nederland B.V., Boston Scientific Neuromodulation Corporation, Boston Scientific New Zealand Limited, Boston Scientific Nordic AB, Boston Scientific Peru S.A.C., Boston Scientific Philippines Inc., Boston Scientific Polska Sp. z o.o., Boston Scientific Portugal - Dispositivos Medicos Lda, Boston Scientific Pty Ltd, Boston Scientific Romania S.R.L., Boston Scientific S.A.S., Boston Scientific S.p.A., Boston Scientific Scimed, Boston Scientific Scimed Inc., Boston Scientific Services Private Limited, Boston Scientific TIP Gerecleri Limited Sirketi, Boston Scientific Technology & Engineering Services Private Limited, Boston Scientific Uruguay S.A., Boston Scientific Vietnam Company Limited, Boston Scientific de Costa Rica S.R.L., Boston Scientific de Mexico S.A. de C.V., Boston Scientific del Caribe Inc., Boston Scientific do Brasil Ltda., Bravo Bidco Limited, BridgePoint Medical, Cameron Health, Cardiac Pacemakers Inc., Cardiac Pathways Corp, Catheter Innovations, Claret Medical, Claret Medical Inc., Cosman Medical, Cosman Medical LLC, CryoCor, Cryterion Medical, Cryterion Medical Inc., Cryterion Medical Ireland Limited, EKOS LLC, EMcision, EMcision International Inc., EP Technologies, EP Technologies Inc., Electron Acquisition Corporation, EndoChoice, EndoChoice Holdings Inc., EndoChoice Inc., EndoChoice Innovation Center Ltd., EndoChoice Israel Ltd., Endotex, Enteric Medical Technologies, Galil Medical Inc., Galil Medical Ltd., Galil Medical UK Limited, Guidant, Guidant Delaware Holding Corporation, Guidant Europe NV, Guidant Puerto Rico B.V., Hong Kong Medtech Trading Limited, Intelect Medical, Millipede, Millipede Inc., NXT Merger Corp., Notebook Merger Sub Ltd., Novate Medical Limited, NxThera, NxThera Inc., PT Boston Scientific Indonesia, PneumRx GmbH, PneumRx LLC, PneumRx Liimited, Protherics Medicines Development B.V., Protherics Medicines Development Limited, Protherics UK Limited, Provensis Limited, RMI Acquisition Corp., Remon Medical Technologies, Rhythmia Medical, Robert S. Smith M.D. Inc., Roxwood Medical Inc., SNS Merger Corp, Sadra Medical, Sadra Medical Inc., Securus Medical Group, Securus Medical Group Inc., Special K Merger Corp., StarMedTec, Stream Enterprises LLC, Symetis, Symetis SA, Target Therapeutics, Target Therapeutics Inc., The LumenR Tissue Retractor System, Veniti, Veniti Inc., VertiFlex, Vertiflex Inc., Vessix Vascular, Xlumena, Zuma Investment Pty Ltd, iogyn, nVision Medical, and nVision Medical Corporation.
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How can I contact Boston Scientific?: Boston Scientific's mailing address is 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA, 01752. The official website for the company is www.bostonscientific.com. The medical equipment provider can be reached via phone at (508) 683-4000, via email at bsxinvestorrelations@bsci.com, or via fax at 508-683-5675.

This page (NYSE:BSX) was last updated on 10/4/2023 by MarketBeat.com Staff

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