Shares of Boston Scientific Corporation (NYSE:BSX) have been given a consensus rating of “Buy” by the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.91.
Several research firms recently weighed in on BSX. SunTrust Banks set a $34.00 target price on shares of Boston Scientific and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Boston Scientific from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reiterated a “buy” rating and issued a $32.00 target price on shares of Boston Scientific in a research note on Tuesday, December 12th. Evercore ISI began coverage on shares of Boston Scientific in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $27.00 target price for the company. Finally, Jefferies Group reiterated a “neutral” rating on shares of Boston Scientific in a research note on Friday, February 2nd.
Shares of Boston Scientific (NYSE:BSX) traded down $0.26 during trading hours on Tuesday, hitting $25.92. The stock had a trading volume of 1,322,627 shares, compared to its average volume of 9,707,938. The firm has a market capitalization of $35,593.24, a P/E ratio of 370.71, a P/E/G ratio of 1.88 and a beta of 0.81. Boston Scientific has a 12 month low of $23.29 and a 12 month high of $29.93. The company has a current ratio of 0.72, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.
In other Boston Scientific news, SVP David A. Pierce sold 8,763 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $27.74, for a total transaction of $243,085.62. Following the completion of the transaction, the senior vice president now owns 24,201 shares in the company, valued at $671,335.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Valley Gold Master Fund L. Sun purchased 408,006 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were acquired at an average price of $0.45 per share, with a total value of $183,602.70. In the last 90 days, insiders have sold 177,032 shares of company stock valued at $4,648,733. Corporate insiders own 0.74% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC bought a new position in Boston Scientific during the third quarter worth about $138,000. Steward Partners Investment Advisory LLC bought a new position in Boston Scientific during the third quarter worth about $139,000. Cerebellum GP LLC bought a new position in Boston Scientific during the fourth quarter worth about $126,000. Ironwood Investment Counsel LLC bought a new position in Boston Scientific during the third quarter worth about $204,000. Finally, Perkins Capital Management Inc. acquired a new stake in shares of Boston Scientific during the third quarter worth approximately $204,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.
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Boston Scientific Company Profile
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.
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