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Boston Scientific (BSX) Stock Price, News & Analysis

$74.95
+0.69 (+0.93%)
(As of 07/26/2024 ET)
Today's Range
$74.42
$75.67
50-Day Range
$74.26
$78.59
52-Week Range
$48.35
$79.43
Volume
7.97 million shs
Average Volume
6.30 million shs
Market Capitalization
$109.96 billion
P/E Ratio
62.98
Dividend Yield
N/A
Price Target
$84.76

Boston Scientific MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
13.1% Upside
$84.76 Price Target
Short Interest
Healthy
0.79% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.53mentions of Boston Scientific in the last 14 days
Based on 55 Articles This Week
Insider Trading
Selling Shares
$5.34 M Sold Last Quarter
Proj. Earnings Growth
11.91%
From $2.35 to $2.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Medical Sector

44th out of 936 stocks

Surgical & Medical Instruments Industry

9th out of 101 stocks

BSX stock logo

About Boston Scientific Stock (NYSE:BSX)

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through two segments, MedSurg and Cardiovascular. The company offers devices to diagnose and treat gastrointestinal and pulmonary conditions, such as resolution clips, biliary stent systems, stents and electrocautery enhanced delivery systems, direct visualization systems, digital catheters, and single-use duodenoscopes; devices to treat urological conditions, including ureteral stents, catheters, baskets, guidewires, sheaths, balloons, single-use digital flexible ureteroscopes, holmium laser systems, artificial urinary sphincter, laser system, fiber, and hydrogel systems; and devices to treat neurological movement disorders and manage chronic pain, such as spinal cord stimulator system, proprietary programming software, radiofrequency generator, indirect decompression systems, practice optimization tools, and deep brain stimulation system. It also provides technologies for diagnosing and treating coronary artery disease and aortic valve conditions; WATCHMAN FLX, a Left Atrial Appendage Closure Device; and implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities, such as cardioverter and cardiac resynchronization therapy defibrillators, MRI S-ICD systems, cardiac resynchronization therapy pacemakers, quadripolar LV leads, ICD leads, pacing leads, remote patient management systems, insertable cardiac monitor systems, and remote cardiac monitoring systems. In addition, the company offers diagnosis and treatment of rate and rhythm disorders of the heart; peripheral arterial and venous diseases; and products to diagnose, treat and ease forms of cancer. The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts.

BSX Stock Price History

BSX Stock News Headlines

3 Record-Breaking Stocks With More Upside Ahead
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Boston Scientific (NYSE:BSX) Updates FY 2024 Earnings Guidance
Boston Scientific (NYSE:BSX) Issues Q3 2024 Earnings Guidance
Boston Scientific (NYSE:BSX) Updates FY24 Earnings Guidance
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
7/26/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Health Care Equipment
CUSIP
10113710
Employees
48,000
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$84.76
High Stock Price Target
$95.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+12.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
21 Analysts

Profitability

Net Income
$1.59 billion
Pretax Margin
14.07%

Debt

Sales & Book Value

Annual Sales
$14.24 billion
Cash Flow
$2.82 per share
Book Value
$13.33 per share

Miscellaneous

Outstanding Shares
1,467,100,000
Free Float
1,459,761,000
Market Cap
$110.65 billion
Optionable
Optionable
Beta
0.78

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Should I Buy Boston Scientific Stock? BSX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Boston Scientific Co.:

  • Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. This diversification in the healthcare sector can provide stability and potential growth opportunities for investors.
  • The company offers devices to diagnose and treat gastrointestinal and pulmonary conditions, which are essential healthcare needs that have a growing market demand.
  • Recent developments in the company's product portfolio have shown promising results, indicating potential for innovation and market leadership in the medical device industry.
  • Boston Scientific Co. has shown resilience in adapting to changing market conditions, which can be a positive sign for investors looking for long-term stability.
  • The current stock price of Boston Scientific Co. is competitive compared to industry peers, offering a potentially attractive entry point for investors.

Cons

Investors should be bearish about investing in Boston Scientific Co. for these reasons:

  • While the company has shown resilience, the medical device industry is highly competitive and subject to regulatory challenges, which could impact Boston Scientific Co.'s growth prospects.
  • Market volatility and economic uncertainties can affect the demand for medical devices, potentially impacting Boston Scientific Co.'s revenue and profitability.
  • Investing in healthcare companies like Boston Scientific Co. requires a thorough understanding of regulatory environments and potential risks associated with product development and commercialization.
  • Changes in healthcare policies and reimbursement structures can have a significant impact on Boston Scientific Co.'s financial performance and market position.
  • While the company has shown promising developments, investors should carefully assess the competitive landscape and potential challenges in the medical device market before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 30, 2024. Please send any questions or comments about these Boston Scientific pros and cons to contact@marketbeat.com.

BSX Stock Analysis - Frequently Asked Questions

How have BSX shares performed this year?

Boston Scientific's stock was trading at $57.81 at the beginning of the year. Since then, BSX stock has increased by 29.6% and is now trading at $74.95.
View the best growth stocks for 2024 here
.

How were Boston Scientific's earnings last quarter?

Boston Scientific Co. (NYSE:BSX) posted its quarterly earnings data on Wednesday, July, 24th. The medical equipment provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The company's quarterly revenue was up 14.5% on a year-over-year basis.
Read the conference call transcript
.

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.

Does Boston Scientific have any subsidiaries?

Boston Scientific subsidiaries include VertiFlex, BTG, Augmenix, Veniti, Claret Medical, Cryterion Medical, nVision Medical, and others.

Who are Boston Scientific's major shareholders?

Boston Scientific's top institutional shareholders include Bank of New York Mellon Corp (1.01%), Ninety One UK Ltd (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.23%) and Assenagon Asset Management S.A. (0.20%). Insiders that own company stock include Michael F Mahoney, Daniel J Brennan, Joseph Michael Fitzgerald, Jeffrey B Mirviss, John Bradley Sorenson, Wendy Carruthers, Edward J Ludwig, Edward J Ludwig, Jonathan Monson, Eric Francis Yves Thepaut, Vance R Brown, Nelda J Connors, Arthur C Butcher, Charles J Dockendorff, Ian T Meredith, Jodi Euerle Eddy, David S Wichmann, David A Pierce, Scott Olson and Meghan Scanlon.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Boston Scientific own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Boston Scientific investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AT&T (T), CVS Health (CVS), Walt Disney (DIS) and Bank of America (BAC).

This page (NYSE:BSX) was last updated on 7/26/2024 by MarketBeat.com Staff

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