Boston Scientific Corporation (BSX) Is A Great Bargain Stock To …

Boston Scientific Corporation (NYSE:BSX) has a beta value of 0.79 and has seen 1.45 million shares traded in the recent trading session. The company, currently valued at £68.94B, closed the recent trade at £48.50 per share which meant it gained £0.17 on the day or 0.35% during that session. The BSX stock price is -1.48% off its 52-week high price of £49.22 and 27.88% above the 52-week low of £34.98.

If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.85 million shares traded. The 3-month trading volume is 7.43 million shares. The consensus among analysts is that Boston Scientific Corporation (BSX) is a Buy stock at the moment, with a recommendation rating of 1.80.

0 analysts rate the stock as a Sell, while 4 rate it as Overweight.

4 out of 29 have rated it as a Hold, with 21 advising it as a Buy.

0 have rated the stock as Underweight. The expected earnings per share for the stock is £0.43. Sporting 0.35% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 03/27/23 when the BSX stock price touched £48.50 or saw a rise of 1.46%.

Year-to-date, Boston Scientific Corporation shares have moved 4.82%, while the 5-day performance has seen it change -0.70%. Over the past 30 days, the shares of Boston Scientific Corporation (NYSE:BSX) have changed 3.59%. Short interest in the company has seen 13.23 million shares shorted with days to cover at 1.86.

Wall Street analysts have a consensus price target for the stock at £53.36, which means that the shares’ value could jump 9.11% from the levels at last check today. The projected low price target is £45.00 while the price target rests at a high of £59.00. In that case, then, we find that the latest price level in today’s session is -21.65% off the targeted high while a plunge would see the stock lose 7.22% from the levels at last check today.

Boston Scientific Corporation (BSX) estimates and forecasts

Figures show that Boston Scientific Corporation shares have underperformed across the wider relevant industry.

The company’s shares have gained 26.43% over the past 6 months, with this year growth rate of 11.70%, compared to 15.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 10.30% and 9.10% for the next quarter.

Revenue growth from the last financial year stood is estimated to be 6.80%.

19 analysts offering their estimates for the company have set an average revenue estimate of £3.16 billion for the current quarter.

19 have an estimated revenue figure of £3.44 billion for the next quarter concluding in Jun 2023. Year-ago sales stood £3.03 billion and £3.24 billion respectively for this quarter and the next, and analysts expect sales will grow by 4.30% for the current quarter and 6.00% for the next. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.40% over the past 5 years.

Earnings growth for 2023 is a modest -35.10% while over the next 5 years, the company’s earnings are expected to increase by 11.04%.

BSX Dividends

Boston Scientific Corporation is expected to release its next earnings report between April 25 and May 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Boston Scientific Corporation (NYSE:BSX)’s Major holders

Insiders own 0.22% of the company shares, while shares held by institutions stand at 94.12% with a share float percentage of 94.33%. Investors are also buoyed by the number of investors in a company, with Boston Scientific Corporation having a total of 1,383 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 127.36 million shares worth more than £4.93 billion.

As of Sep 29, 2022, Blackrock Inc. held 8.89% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 116.89 million shares as of Sep 29, 2022. The firm’s total holdings are worth over £4.53 billion and represent 8.16% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund.

As of Sep 29, 2022, the former fund manager holds about 2.98% shares in the company for having 42.69 million shares of worth £1.65 billion while later fund manager owns 32.45 million shares of worth £1.26 billion as of Sep 29, 2022, which makes it owner of about 2.27% of company’s outstanding stock.

Tags:

mcafee-internet-security listed on couponmatrix.ukeating-inn listed on couponmatrix.ukpeter-hahn listed on couponmatrix.ukspecky-four-eyes listed on couponmatrix.ukurbanara listed on couponmatrix.ukvictorias-secret listed on couponmatrix.uk
mcafee-internet-security listed on couponmatrix.ukShield your digital life with McAfee. It's your go to for anti-virus software you can trust. McAfee's network protection monitors who's on your Wi-Fi and protects your devices behind a firewall - save on your service with a McAfee promo code from us!
eating-inn listed on couponmatrix.ukPark yourself at a table and settle down for some freshly sizzled pub grub from Pub & Grill. Offering exactly what you’d expect from such a deliciously labelled establishment, customers can dine and drink for less with the latest Pub & Grill discount here at Groupon. Hosting live sports on TV, promotional offers for special occasions and a wealth of avenues for a good evening’s drinks, you’re guaranteed good banter and entertainment at your local Pub & Grill.
peter-hahn listed on couponmatrix.ukPete Hahn are a byword for Northern European style and quality, offering a full range of indoor and outdoor clothing and shoes for both women and men. They have around twenty in-house brands, with names like Betty Barclay, Eterna, Gant and Jockey vying for customers' attention - and the Peter Hahn discount code will give you a substantial discount on any of them. With an emphasis on natural fibres, the collection here consists entirely of items you'll be wearing for many years - so take your time, choose carefully and get a great discount on something that'll become a dependable firm favourite.
specky-four-eyes listed on couponmatrix.ukSpeckyFourEyes are revolutionising the way we buy glasses, with millions of delighted customers spreading the word that getting your eyewear online is easy, enjoyable, and incredible value for money. In an nutshell you'll visit an optician to get a prescription, then visit the website to choose frames that suit you. Use the Specky Four Eyes discount code when buying them, and then sit back, relax and let a highly-trained team of world-class technicians prepare your glasses, which will then be posted to you at up to 80% of the standard price.
urbanara listed on couponmatrix.ukUrbanara is a contemporary home furnishings brand with a focus on quality, craftsmanship and sustainability. Whether you're looking for a new bedding set, a cozy throw blanket, or some stylish new towels, Urbanara has everything you need to make your home look its best. And with our Urbanara voucher codes, you can get all of that and more for less. So don't wait any longer, start shopping at Urbanara today and see how much you can save! At Groupon, we know that saving money is important to our customers. That's why we work hard to find the best voucher codes and discounts for Urbanara products. We want to help you get the items you need and want without breaking the bank, and with our voucher codes, you can do just that. So whether you're looking for a new rug or a new set of dishes, be sure to check Groupon first for all the best deals on Urbanara products. If you're looking at using an Urbanara discount on one of their top-performing products, we highly recommend the Luxury Bamboo Towels. These towels are made from sustainable bamboo and are super soft and absorbent. They're also available in a variety of colours, so you can choose the perfect set for your bathroom. Our voucher code can be used to get an Urbanara discount on your next purchase, whether you're looking for new sofa cushions or some stylish new bedding. Thanks for choosing Urbanara!
victorias-secret listed on couponmatrix.ukFollow in the footsteps of the beautiful Victora’s Secret supermodels, and revamp your look with luxurious lingerie that will boost your sass factor up to 10. Snap up a Victoria Secret discount code from us to stock up on delicate thongs, stylish bras, sensual nightwear, and more - you could dress like the A-list without blowing your budget. From Victoria’s Secret pink to understated navy, you’ll find colours to suit every taste and mood in this world famous collection.