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.

bt-wifi listed on couponmatrix.ukeverything-5-pounds listed on couponmatrix.uknovatech listed on couponmatrix.ukout-and-out listed on couponmatrix.ukspreadshirt listed on couponmatrix.ukstonehouse-pizza-and-carvery listed on couponmatrix.uk
bt-wifi listed on couponmatrix.ukBT Wifi is one of the UK's leading providers of home internet and WiFi hotspots. They offer a packages to suit viewers, streamers and surfers of all varieties, with unparalleled internet access nationwide. A BT Wifi discount code can be used on a variety of products including broadband, TV, mobile and more. BT Wifi also offers a wide range of other services such as free WiFi, tech support and more. At Groupon, we are always on the lookout for the best deals and BT Wifi discount codes for our customers. We understand that everyone is looking to save money, especially when it comes to the essentials like your internet connection. We update our site regularly with the latest offers, so be sure to check back often and snag a stronger connection for no added expense. BT Wifi offers a wide range of products and services, but one of their most popular offerings is their Discount Codes and Vouchers. Get superfast fibre from £26.99 a month, plus free set-up and free P&P - who knows the kind of bargain awaiting you with the latest BT Wifi voucher codes at your disposal. For groundbreaking bandwitdh at affordable prices, look no further than BT Wifi.
everything-5-pounds listed on couponmatrix.ukWhen you are looking for a deal make Everything5pounds.com your first stop. This treasure trove of wonders is packed to the brim with fantastic fashions and home goods that will get your house ship shape and looking good in no time at all. Snag yourself a Everything 5 pounds promo code from Groupon to make their already low prices even more attractive. Thanks to carefully crafting and curating relationships with some of your favourite high street stores Everything5pounds.com is able to bring you amazing bargains on looks that you will love for well below what you would pay in store. High Street labels are removed from the items on sale at Everything5pounds.com but the quality and style remains the same.
novatech listed on couponmatrix.ukFor high quality computers and tech at low cost prices, look no further than Novatech and get ready to invest in the best! Grab a Novatech discount code from us to take advantage of affordable yet reliable products and give your home office a boost without busting your budget. Offering everything from crystal-clear monitors and powerful servers to cutting-edge software and convenient tablets on tap, upgrade to Novatech and enjoy award-winning tech for less.
out-and-out listed on couponmatrix.ukOut and Out challenge everything we know about furniture shopping. This brand takes pride in creative designer furniture built to last the test of time. Each piece of furniture is thoughtfully designed with sustainably sourced materials - all for a price to rival big home decor brands. To get the best price on quality furniture for home and garden, check out our Out and Out discount codes. At Groupon, we want you to have that designer home feeling without the price tag.
spreadshirt listed on couponmatrix.ukEnjoy sporting your personality on your sleeve with Spreadshirt, the platform that prints both your own and community-created designs on your preferred memorabilia. Whether you want to spread word of your brand, show off your taste in music or to arrange matching outfits for a group shindig, a Spreadshirt discount code can secure savings on all the merchandise you need. Offering bespoke personalisation on clothing, homeware and accessories of numerous varieties, the potential is as limitless as the designs when working with Spreadshirt.
stonehouse-pizza-and-carvery listed on couponmatrix.ukTuck into some delicious meals at fantastic locations with Stonehouse Pizza and Carvery. Catering for all food types, as well as their notorious daily carvery, you can't go wrong at Stonehouse. With Stonehouse Pizza and Carvery offers, you can enjoy your favourite meals for less. What are you waiting for? With takeaway options, pizza parties and a menu to salivate over, Stonehouse Pizza and Carvery will not disappoint.