NYSE:BSX

Boston Scientific - BSX Stock Forecast, Price & News

$45.91

-0.44 (-0.95%)

(As of 01/27/2023 12:00 AM ET)

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Today's Range: $45.74
▼
$46.35
50-Day Range: $42.94
▼
$47.20
52-Week Range: $34.98
▼
$47.95

Volume: 7.34 million shs
Average Volume: 6.00 million shs
Market Capitalization: $65.76 billion

P/E Ratio: 109.31
Dividend Yield: N/A
Price Target: $50.00

Institutional Ownership

Boston Scientific MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.93 Rating Score
Upside/Downside: 8.9% Upside
$50.00 Price Target
Short Interest: Healthy
1.09% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.98
Upright™ Environmental Score
News Sentiment: 0.28
Based on 16 Articles This Week
Insider Trading: Selling Shares
$9.56 M Sold Last Quarter
Proj. Earnings Growth: 10.40%
From $1.73 to $1.91 Per Share

Overall MarketRank^™

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

2.17 out of 5 stars

Medical Sector

623rd out of 1,054 stocks

Surgical & Medical Instruments Industry

63rd out of 105 stocks

1.5

Analyst's Opinion

Consensus Rating
Boston Scientific has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.00, Boston Scientific has a forecasted upside of 8.9% from its current price of $45.91.
Amount of Analyst Coverage
Boston Scientific has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.09% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Boston Scientific has recently increased by 10.63%, indicating that investor sentiment is decreasing significantly.

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.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Boston Scientific has received a 67.96% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Neurostimulators", "Cardiac resynchronization therapy (CRT) devices", and "Penile implants" products. See details.
Environmental Sustainability
The Environmental Impact score for Boston Scientific is -0.98.

2.4

News and Social Media Coverage

News Sentiment
Boston Scientific has a news sentiment score of 0.28. 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 lower news sentiment than the 0.71 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Boston Scientific this week, compared to 9 articles on an average week.
Search Interest
18 people have searched for BSX on MarketBeat in the last 30 days. This is an increase of 157% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Boston Scientific to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% 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 $9,561,634.00 in company stock.
Percentage Held by Insiders
Only 0.71% of the stock of Boston Scientific is held by insiders.
Percentage Held by Institutions
90.23% 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 10.40% in the coming year, from $1.73 to $1.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Boston Scientific is 109.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boston Scientific is 109.31, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 154.16.
Price to Earnings Growth Ratio
Boston Scientific has a PEG Ratio of 2.34. 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 3.94. 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 Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical specialties. It operates through the following segments: Rhythm and Neuro, Cardiovascular and MedSurg. The Rhythm and Neuro segment develops implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities. The Cardiovascular segment consists of technologies for diagnosing and treating coronary artery disease and other cardiovascular disorders including structural heart conditions. The MedSurg segment focuses on Endoscopy, which provides devices to diagnose and treat a broad range of gastrointestinal and pulmonary conditions with innovative and invasive technologies. The company was founded by John E. Abele and Pete Michael Nicholas on June 29, 1979, and is headquartered in Marlborough, MA.

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BSX Stock News Headlines

January 9, 2023 | marketbeat.com

Is Medtronic Stock Ready to Revive? (BSX)

The world’s largest medical device maker Medtronic PLC (NYSE: MDT) stock has fallen since April 2022. However, shares may have bottomed out.

January 28, 2023 | americanbankingnews.com

Boston Scientific (NYSE:BSX) Upgraded by StockNews.com to Buy

January 29, 2023 | Porter & Company (Ad)

The Next Big Crisis Is Here

You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.

January 26, 2023 | americanbankingnews.com

Boston Scientific Target of Unusually High Options Trading (NYSE:BSX)

January 25, 2023 | marketwatch.com

Boston Scientific Corp. stock rises Wednesday, outperforms market

January 25, 2023 | marketwatch.com

Boston Scientific Corp. stock rises Wednesday, outperforms market

January 24, 2023 | marketwatch.com

Boston Scientific Corp. stock outperforms competitors despite losses on the day

January 23, 2023 | finance.yahoo.com

Here's Why You Should Retain Boston Scientific (BSX) Now

January 29, 2023 | Porter & Company (Ad)

The Next Big Crisis Is Here

You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.

January 22, 2023 | msn.com

Boston's most valuable trade asset heading into the 2023 NBA trade deadline? A pick, per one analyst

January 22, 2023 | forbes.com

The Boston Celtics Have Learned To Rely On Their “Next Man Up” Mentality

January 22, 2023 | americanbankingnews.com

Brokerages Set Boston Scientific Co. (NYSE:BSX) Price Target at $50.00

January 22, 2023 | sportsbookwire.usatoday.com

Boston Bruins vs. San Jose Sharks odds, tips and betting trends

January 21, 2023 | msn.com

Celtics at Raptors: Boston survives the Raptors 106-104 down three starters

January 21, 2023 | msn.com

Why ‘how downtown Boston is recovering’ depends on which downtown you’re talking about

January 21, 2023 | msn.com

Is a Jakob Poeltl trade a realistic possibility for the Boston Celtics?

January 21, 2023 | msn.com

Man charged with kidnapping, raping woman at Boston hotel

January 20, 2023 | sportsbookwire.usatoday.com

Boston Celtics vs. Toronto Raptors odds, tips and betting trends | January 21

January 20, 2023 | msn.com

Boston Public Schools consider creating independent police force to monitor students

January 20, 2023 | msn.com

Police release new photos of woman missing out of East Boston

January 20, 2023 | msn.com

Boston man with criminal record raped, kidnapped woman at hotel, Suffolk DA say

January 20, 2023 | msn.com

Boston Prepared To Make Bid For 2026 NBA All-Star Game

January 20, 2023 | msn.com

Boston may make part of Copley Square into a permanent pedestrian park

January 19, 2023 | msn.com

Boston-area COVID wastewater goes up in north and down in south, Massachusetts virus cases drop 27%

January 19, 2023 | msn.com

Another Boston movie theater is closing its doors

January 19, 2023 | msn.com

Best low-cost wing and big man trade targets for the Boston Celtics

January 19, 2023 | msn.com

Boston Dynamics’ video shows robot carrying a tool bag, moving objects on mock construction site

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BSX Company Calendar

Last Earnings: 10/26/2021
Today: 1/28/2023
Next Earnings (Confirmed): 2/01/2023
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: 41,000
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $50.00
High Stock Price Forecast: $56.00
Low Stock Price Forecast: $43.00
Forecasted Upside/Downside: +8.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.93
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.42
Trailing P/E Ratio: 109.31
Forward P/E Ratio: 26.54
P/E Growth: 2.34
Net Income: $1.04 billion
Net Margins: 5.19%
Pretax Margin: 6.88%
Return on Equity: 14.55%
Return on Assets: 7.72%

Debt

Debt-to-Equity Ratio: 0.49
Current Ratio: 1.45
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $11.89 billion
Price / Sales: 5.53
Cash Flow: $2.68 per share
Price / Cash Flow: 17.14
Book Value: $11.66 per share
Price / Book: 3.94

Miscellaneous

Outstanding Shares: 1,432,310,000
Free Float: 1,422,142,000
Market Cap: $65.76 billion
Optionable: Optionable
Beta: 0.83

Social Links

Key Executives

Michael F. Mahoney
Chairman, President & Chief Executive Officer

Edward F. Mackey
Executive Vice President-Global Operations

Daniel J. Brennan
Chief Financial Officer & Executive Vice President

Jodi Eddy
Senior VP, Chief Information & Digital Officer

Ian T. Meredith
Global Chief Medical Officer & Executive VP

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?: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boston Scientific in the last twelve months. There are currently 2 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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?: 15 Wall Street research analysts have issued twelve-month price targets for Boston Scientific's shares. Their BSX share price forecasts range from $43.00 to $56.00. On average, they expect the company's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 8.9% 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 on January 1st, 2023. Since then, BSX shares have decreased by 0.8% and is now trading at $45.91.
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 January. As of January 15th, there was short interest totaling 15,610,000 shares, an increase of 10.6% from the December 31st total of 14,110,000 shares. Based on an average daily trading volume, of 6,830,000 shares, the days-to-cover ratio is presently 2.3 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 Wednesday, February 1st 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 Wednesday, February 1st 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) released its earnings results on Tuesday, October, 26th. The medical equipment provider reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The medical equipment provider had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.97 billion. Boston Scientific had a trailing twelve-month return on equity of 14.55% and a net margin of 5.19%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS.
Read the conference call transcript.
What guidance has Boston Scientific issued on next quarter's earnings?: Boston Scientific updated its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.45-$0.48 for the period, compared to the consensus EPS estimate of $0.49. The company issued revenue guidance of $3.19 billion-$3.25 billion, compared to the consensus revenue estimate of $3.32 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."
Who are Boston Scientific's major shareholders?: Boston Scientific's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.31%), Assenagon Asset Management S.A. (0.17%), New York State Teachers Retirement System (0.11%), Strs Ohio (0.08%), Natixis Advisors L.P. (0.07%) and Gateway Investment Advisers LLC (0.05%). Insiders that own company stock include Arthur C Butcher, Daniel J Brennan, David A Pierce, David A Pierce, David S Wichmann, Edward F Mackey, Eric Francis Yves Thepaut, Ian T Meredith, Jeffrey B Mirviss, Jeffrey B Mirviss, Jodi Euerle Eddy, John Bradley Sorenson, Jonathan Monson, Joseph Michael Fitzgerald, Maulik Nanavaty, Meghan Scanlon, Michael F Mahoney, Michael F Mahoney, Nelda J Connors, Scott Olson, Wendy Carruthers and William F Bruss.
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 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 $45.91.
How much money does Boston Scientific make?: Boston Scientific (NYSE:BSX) has a market capitalization of $65.76 billion and generates $11.89 billion in revenue each year. The medical equipment provider earns $1.04 billion in net income (profit) each year or $0.42 on an earnings per share basis.
How many employees does Boston Scientific have?: The company employs 41,000 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.
Read More
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 1/29/2023 by MarketBeat.com Staff

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Boston Scientific - BSX Stock Forecast, Price & News

Boston Scientific MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Boston Scientific (NYSE:BSX) Stock

BSX Stock News Headlines

BSX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

BSX Stock - Frequently Asked Questions

Overall MarketRank^™