Economy

Should You Hold Boston Scientific Corporation (NYSE:BSX)

Needham & Company LLC now has a $32.00 price objective on the medical equipment provider's stock. Capital Research Global Investors owned approximately 0.77% of Boston Scientific Corporation worth $293,206,000 at the end of the most recent reporting period. As of the end of the quarter William Blair Investment Management, LLC had disposed of 16,570 shares trimming its stake by 1.1%. Gwm Advisors LLC now owns 2,413 shares valued at $66,502,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Boston Scientific Corporation by 12.0% during the 1st quarter. FMR LLC now owns 184,708,390 shares of the medical equipment provider's stock worth $4,593,698,000 after purchasing an additional 13,105,596 shares during the last quarter. Boston Scientific Corporation's quarterly revenue was up 6.2% compared to the same quarter previous year. Acrospire Investment Management LLC now owns 5,071 shares of the medical equipment provider's stock worth $141,000 after acquiring an additional 3,100 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in Boston Scientific Corporation in the first quarter valued at $149,859,000. According to today's trading volume Boston Scientific Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The shares were sold at an average price of $26.87, for a total transaction of $416,485.00. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). The disclosure for this sale can be found here. The portion of a company's profit allocated to each outstanding share of common stock was $0.57 a share in the trailing twelve months.

Want to see what other hedge funds are holding BSX? The original version of this news story can be viewed at https://baseballnewssource.com/markets/boston-scientific-corporation-bsx-receives-buy-rating-from-needham-company-llc/1685303.html.

Several equities analysts recently issued reports on BSX shares. Royal Bank Of Canada reaffirmed a "buy" rating and set a $31.00 target price on shares of Boston Scientific Corporation in a research report on Friday, September 1st. The value of the company's investment in Boston Scientific Corporation went from $83,066,000 to $62,783,000 decreasing 24.4% quarter over quarter. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Boston Scientific Corporation presently has a consensus rating of "Buy" and a consensus target price of $30.12.

Boston Scientific Corporation's P/E ratio is 51.91 and market capitalization is 39.82B. The stock appeared $29.47 above its 52-week highs and is up 1.19% for the last five trades. The stock's last price was higher from the average trading price of 50 days recorded at $27.67 while enlarging the period to 200 trading days, the average price was $25.97. Jefferies Group LLC restated a "hold" rating on shares of Boston Scientific Corporation in a research note on Thursday, September 7th. The medical equipment provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.01. Boston Scientific Corporation had a return on equity of 23.62% and a net margin of 9.04%. The firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter a year ago, the firm earned $0.27 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis.

Boston Scientific Corporation (BSX) have shown a high EPS growth of -2.80% in the last 5 years and has earnings rose of 241.40% yoy.

Boston Scientific Corporation, launched on June 22, 1979, is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties.



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