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:

ask listed on couponmatrix.ukbower-collective listed on couponmatrix.ukbt-business-direct listed on couponmatrix.ukee-mobile listed on couponmatrix.ukplaymoregolf listed on couponmatrix.uksheridan listed on couponmatrix.uk
ask listed on couponmatrix.ukIf you’re looking to enjoy food you know you’ll love in a buzzing atmosphere, ASK Italian has the menu and restaurants for you. Featuring delicious Italian pastas, thin crust pizzas, salads and more, ASK will ensure your meal is one to remember. Don't forget to make use of one of our ASK vouchers and your family will thank you for reducing the bill! With restaurants in locations all over the UK, you’re bound to find an ASK nearby.
bower-collective listed on couponmatrix.ukMeet Bower Collective, the brand kickstarting the planet-first and plastic-free revolution. From deodorant and toothpaste to washing up liquid and cleaning spray, everything you need is cheap, convenient and contains zero plastic. If you pick up a Bower Collective dispenser, you can simply keep them stocked with cheap refills and greatly reduce your household waste. With new customer offers, subscription discounts and our Bower Collective discount codes, switching to an eco-lifestyle is more affordable than ever!
bt-business-direct listed on couponmatrix.ukBT Business Direct is a top provider of business technology and services in the United Kingdom. It offers flexible packages and discounts on a range of products and services including broadband, phone lines, mobile plans, and more. Visit the store today and use a BT Business Direct promo code to save on your next package, so your business gets the connection and bandwidth it deserves without breaking the bank. At Groupon, we work hard to find the best cost-cutting promotions discounts for BT Business Direct. We know how important it is to save money on business connections, so we regularly update our coupons and deals page with the latest offers. Be sure to check back often for the best savings on BT Business Direct products and services and as always – thanks for choosing Groupon! Looking for a great deal on BT Business Broadband? Check out our offers to save big not just on top-performing software like Microsoft office but the hardware that runs it too! With a BT Business Broadband discount code, you can nab everything from the latest gadgets and mobile phones to printers, routes, laptops and desktop computer. So why wait? Get the best broadband and computing must-haves for your business today with BT Business Direct.
ee-mobile listed on couponmatrix.ukJoin the UK's biggest and fastest mobile network today and experience superfast fibre broadband as well as excellent standards of customer service wherever you are. Buy your next phone or plan from EE and enjoy free Apple Music, WiFi calls and more - use EE deals on us and you could have all of this at an even cheaper price. EE stocks the latest models of smartphones so whether your preference is for iPhone or Android you can start a monthly plan getting you the best deal for 4G, texts and calls. EE knows its customers have different lifestyles and that’s why there are multiple plan options from pay monthly plans, pay as you go, and contract-less flex plans letting you do life your way.
playmoregolf listed on couponmatrix.ukTake a swing at your course of choice with PlayMoreGolf, the ultimate flexible golf membership. Designed by fellow golf fans to offer cost-effective golfing to those who don’t have the time or cash to commit to a full golf club membership, you can secure extra savings at your golf course of choice with a PlayMoreGolf promo code from Groupon. Whether you’re a Londoner eager for the occasional round at your local or a golfing veteran eager to explore other courses, get the most out of your membership with PlayMoreGolf.
sheridan listed on couponmatrix.ukSheridan is a trusted Australian retailer known for providing high-quality homewares and bedding. They offer a wide range of products at great value, and you can use a Sheridan coupon to get even more discounts on your purchase. Whether you're looking for new sheets or towels, or want to update your decor, Sheridan is a great place to shop. With a Sheridan coupon, you can save even more on your next purchase. So check out our selection of codes and start saving today!