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:

armani-uk listed on couponmatrix.ukchicme listed on couponmatrix.uklook-again listed on couponmatrix.ukworldlotteryclub listed on couponmatrix.ukshuttle-direct listed on couponmatrix.uksoletrader listed on couponmatrix.uk
armani-uk listed on couponmatrix.ukGet your dose of high fashion and timeless style when you shop at Armani, the Italian luxury designer with a decades-rich heritage and loved by models and fashion brands all over the world. An Armani discount code will make upgrading your wardrobe with a hint of opulence a little easier on your credit card, so you can shop safe in the knowledge your savings account is untouched while you focus on your style.
chicme listed on couponmatrix.ukDiscover ChicMe, the home of stand-out occasionwear and stylish basics for every season. We’ve found the top ChicMe discount codes, seasonal sales and multi-buy deals to help you save on every purchase—making it even more affordable to try out a whole new look! Whether you’re into a chic or casual style, ChicMe fashion is distinctive, on-trend and (most importantly!) really affordable. Keep checking our page at Groupon, as we’re constantly updating it with the newest ChicMe discounts.
look-again listed on couponmatrix.ukLook Again brings you cutting edge fashion at affordable prices, with a host of additional benefits: Shop here and you’ll gain access to a world of extra sites all run under the same banner. Your Look Again discount code works across some of the web’s most popular retail names like Kaleidoscope, Lascana, Curvissa and Bon Prix. Ladies, gents and kids are all given a vast selection to choose from and new designs are constantly added, keep collections fresh and inspiring at all times.
worldlotteryclub listed on couponmatrix.ukPlay with LottoGo for a chance to win a life-changing amount of money. You could be in it to win it from the comfort of your own home, or on the move with the handy mobile app. Buy your tickets for the EuroMillions and Lotto and bet on the outcome of the lotteries from around the world—with our LottoGo offers on board, you could bag some huge prizes for even less.
shuttle-direct listed on couponmatrix.ukLooking for a hassle-free way to get from the airport to your hotel (and vice versa)? All holidays should start and end with a Shuttle Direct ride. Offering a range of services in the UK and across the globe, it’s undoubtedly the best way to get your well-deserved holiday off to a swimming start. Wherever you’re flying, and whether you’re booking a single or round trip, make sure you reserve your seat with our Shuttle Direct discount codes to save yourself a tidy sum! When booking a trip abroad, every little saving helps – starting with your airport transfer. That’s why we work hard to find the best Shuttle Direct promo codes and gather them in one place: leaving you with some extra loose change to spend at your dream destination. Whether you’re looking for a standard transfer or something a little more luxurious, we’ve got you covered with Shuttle Direct vouchers to enjoy great discounts on your next trip. Shuttle Direct is one of the leading providers of airport transfers, operating everywhere from Portugal to the Philippines, and it'll take you wherever you need to be. One of the most popular services is the Shuttle Direct Benidorm shuttle which can ship you and your luggage from Alicante to Benidorm in under an hour. It’s the ideal way to start your holiday in style and avoid expensive taxis from the airport—especially if you apply our Shuttle Direct voucher codes to keep the costs low!
soletrader listed on couponmatrix.ukWhen you look at their upbeat, tasteful, contemporary stores and the designer footwear inside them it’s hard to believe that Soletrader have been around for over half a century. Ever since the heady days of the early 1960’s they’ve been making feet look and feel fabulous, and the Sole Trader discount code will help you make huge strides upgrading your shoe collection without spending a fortune. Designer names meet in-house innovation here, and you’ll find both British and international names gracing the shelves, guaranteeing you’ll find something you love.