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Boston Scientific Stock Price, Forecast & Analysis (NYSE:BSX)

$42.37
+0.08 (+0.19 %)
(As of 11/19/2019 11:26 AM ET)
Today's Range
$42.07
Now: $42.37
$42.54
50-Day Range
$37.99
MA: $40.22
$42.38
52-Week Range
$31.56
Now: $42.37
$43.84
Volume78,375 shs
Average Volume6.97 million shs
Market Capitalization$59.06 billion
P/E Ratio28.82
Dividend YieldN/A
Beta0.76
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: MedSurg, Rhythm and Neuro, and Cardiovascular. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
CUSIP10113710
Phone508-683-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.82 billion
Cash Flow$2.16 per share
Book Value$6.31 per share

Profitability

Net Income$1.67 billion

Miscellaneous

Employees32,000
Outstanding Shares1,393,820,000
Market Cap$59.06 billion
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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Boston Scientific (NYSE:BSX) Frequently Asked Questions

What is Boston Scientific's stock symbol?

Boston Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSX."

How were Boston Scientific's earnings last quarter?

Boston Scientific Co. (NYSE:BSX) posted its quarterly earnings data on Wednesday, October, 23rd. The medical equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.01. The medical equipment provider had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.68 billion. Boston Scientific had a net margin of 10.49% and a return on equity of 23.10%. The company's revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. View Boston Scientific's Earnings History.

When is Boston Scientific's next earnings date?

Boston Scientific is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Boston Scientific.

What guidance has Boston Scientific issued on next quarter's earnings?

Boston Scientific issued an update on its fourth quarter earnings guidance on Wednesday, October, 23rd. The company provided earnings per share (EPS) guidance of $0.42-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.44. The company issued revenue guidance of $2.89-2.945 billion, compared to the consensus revenue estimate of $2.96 billion.

What price target have analysts set for BSX?

20 equities research analysts have issued 12 month price objectives for Boston Scientific's stock. Their forecasts range from $36.20 to $53.00. On average, they expect Boston Scientific's stock price to reach $47.07 in the next year. This suggests a possible upside of 11.1% from the stock's current price. View Analyst Price Targets for Boston Scientific.

What is the consensus analysts' recommendation for Boston Scientific?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Scientific in the last year. There are currently 1 hold rating, 18 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Boston Scientific.

What are Wall Street analysts saying about Boston Scientific stock?

Here are some recent quotes from research analysts about Boston Scientific stock:
  • 1. Needham & Company LLC analysts commented, "BSX announced it is acquiring the private company up front cash and commercial-based milestones. Vertiflex’s Superion system is a minimally invasive device to treat patients with lumbar spinal stenosis (LSS). BSX expects the deal to be immaterial to its adjusted EPS through 2020 and accretive thereafter. While we are a little surprised to see BSX enter the spinal surgery market, there probably are synergies with its existing pain business and we see this deal as a typical BSX transaction in which it acquires an asset allowing it to go deeper within a disease state/disorder (in this case chronic pain). We expect BSX’s string of acquisitions over the past ~18 months (including Vertiflex) to combine to provide a material benefit to its longer-term organic growth and we reiterate our Strong Buy rating." (5/13/2019)
  • 2. BTIG Research analysts commented, "$42 Story BSX results fell short of Street expectations on a myriad of items. Heading into the print, investors anticipated the paclitaxel and mesh issues but less selling days, a temporary supply issue and a weaker Neuromod result pressured Q1 incrementally. As we anticipated in our preview, BSX guided FY19 revenue growth to the bottom half of the prior range (7-8% from 7- 9%). We revised our estimates accordingly for known pressure points and while there could be upside from high-growth segments (Structural Heart remains likely), our view is that NT significant outperformance by BSX is less likely than it was six months ago. On lower forecasts and a slightly lower multiple, we trim our PT from $45 to $42. Some investors have asked if the growth acceleration story is over. We do not think so but we do think there will be a NT slowdown before potential acceleration." (4/25/2019)
  • 3. According to Zacks Investment Research, "Boston Scientific is suffering from significant cost escalation, which is weighing on its margins. Also, delay in LOTUS relaunch is hampering sales through 2018. Declining worldwide pacemaker sales is also hurting the CRM business. On a brighter note, the company is seeing growth across all business lines and geographies. Boston Scientific received a number of FDA approvals within the Cardiovascular group. This apart, it launched LithoVue within Urology and rolled out the GUIDE XT in Europe. We look forward to the three recent acquisitions- Claret Medical, VENITI and Augmenix. These are expected to strongly contribute to the company’s inorganic growth profile. Boston Scientific’s significant progress related to its LOTUS valve relaunch encourages us. Also, post the suspension of LOTUS valve in Europe, ACURATE TAVR continues to build momentum. Over the past three months, Boston Scientific outperformed its industry." (1/7/2019)

Has Boston Scientific been receiving favorable news coverage?

Media headlines about BSX stock have been trending somewhat positive on Tuesday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Boston Scientific earned a media sentiment score of 1.1 on InfoTrie's scale. They also gave news headlines about the medical equipment provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Boston Scientific.

Who are some of Boston Scientific's key competitors?

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), Bank of America (BAC), CVS Health (CVS), Walt Disney (DIS), Visa (v), Netflix (NFLX), Micron Technology (MU), Home Depot (HD) and salesforce.com (CRM).

Who are Boston Scientific's key executives?

Boston Scientific's management team includes the folowing people:
  • Mr. Michael F. Mahoney, Chairman, Pres & CEO (Age 54)
  • Mr. Daniel J. Brennan, Exec. VP & CFO (Age 53)
  • Mr. Joseph M. Fitzgerald, Exec. VP & Pres of Rhythm Management (Age 55)
  • Mr. David A. Pierce, Exec. VP & Pres of MedSurg (Age 55)
  • Mr. Kevin J. Ballinger, Exec. VP & Pres of Interventional Cardiology (Age 46)

Who are Boston Scientific's major shareholders?

Boston Scientific's stock is owned by many different of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (0.88%), Newport Trust Co (0.69%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), WCM Investment Management LLC (0.33%), California Public Employees Retirement System (0.22%) and Rhumbline Advisers (0.19%). Company insiders that own Boston Scientific stock include Arthur C Butcher, Daniel J Brennan, David A Pierce, Desiree Ralls-Morrison, Edward F Mackey, Eric Francis Yves Thepaut, Halliday Hamish, Jeffrey B Mirviss, Jodi Euerle Eddy, John Bradley Sorenson, John E Sununu, Joseph Michael Fitzgerald, Kevin J Ballinger, Maulik Nanavaty, Michael F Mahoney, Michael P Phalen, Timothy A Pratt, Valley Gold Master Fund L Sun, Wendy Carruthers, Williamson Scott, Xin Warren Wang and Yoshiaki Fujimori. View Institutional Ownership Trends for Boston Scientific.

Which institutional investors are selling Boston Scientific stock?

BSX stock was sold by a variety of institutional investors in the last quarter, including State of Tennessee Treasury Department, Assenagon Asset Management S.A., Teacher Retirement System of Texas, Newport Trust Co, Zurcher Kantonalbank Zurich Cantonalbank, Anchor Capital Advisors LLC, SG Americas Securities LLC and Virginia Retirement Systems ET AL. Company insiders that have sold Boston Scientific company stock in the last year include Arthur C Butcher, Daniel J Brennan, David A Pierce, Desiree Ralls-Morrison, Edward F Mackey, Eric Francis Yves Thepaut, Jodi Euerle Eddy, John Bradley Sorenson, Joseph Michael Fitzgerald, Kevin J Ballinger, Maulik Nanavaty, Wendy Carruthers, Xin Warren Wang and Yoshiaki Fujimori. View Insider Buying and Selling for Boston Scientific.

Which institutional investors are buying Boston Scientific stock?

BSX stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, California Public Employees Retirement System, Massachusetts Financial Services Co. MA, State of New Jersey Common Pension Fund D, Artemis Investment Management LLP, Great Lakes Advisors LLC, Atalanta Sosnoff Capital LLC and Calamos Advisors LLC. Company insiders that have bought Boston Scientific stock in the last two years include John E Sununu, Valley Gold Master Fund L Sun and Williamson Scott. View Insider Buying and Selling for Boston Scientific.

How do I buy shares of Boston Scientific?

Shares of BSX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Boston Scientific's stock price today?

One share of BSX stock can currently be purchased for approximately $42.37.

How big of a company is Boston Scientific?

Boston Scientific has a market capitalization of $59.06 billion and generates $9.82 billion in revenue each year. The medical equipment provider earns $1.67 billion in net income (profit) each year or $1.47 on an earnings per share basis. Boston Scientific employs 32,000 workers across the globe.View Additional Information About Boston Scientific.

What is Boston Scientific's official website?

The official website for Boston Scientific is http://www.bostonscientific.com/.

How can I contact Boston Scientific?

Boston Scientific's mailing address is 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA, 01752. The medical equipment provider can be reached via phone at 508-683-4000 or via email at [email protected]


MarketBeat Community Rating for Boston Scientific (NYSE BSX)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  815 (Vote Outperform)
Underperform Votes:  700 (Vote Underperform)
Total Votes:  1,515
MarketBeat's community ratings are surveys of what our community members think about Boston Scientific and other stocks. Vote "Outperform" if you believe BSX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BSX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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