In yesterday’s Wall Street session, Boston Scientific Corp. (NYSE:BSX) shares traded at $73.49, up 0.93% from the previous session.
BSX stock price is now 6.25% away from the 50-day moving average and 24.37% away from the 200-day moving average. The market capitalization of the company currently stands at $108.04B.
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With the price target enhanced from $65 to $80, Mizuho Upgraded its rating from Neutral to Buy for Boston Scientific Corp. (NYSE: BSX). On July 19, 2023, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $59, while ‘CL King’ rates the stock as ‘Buy’
In other news, Thepaut Eric Francis Yves, EVP & Pres, Eur, Mid-East, Afr sold 12,931 shares of the company’s stock on May 10 ’24. The stock was sold for $958,717 at an average price of $74.14. Upon completion of the transaction, the EVP & Pres, Eur, Mid-East, Afr now directly owns 31,422 shares in the company, valued at $2.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Director Dockendorff Charles J sold 3,946 shares of the business’s stock. A total of $286,874 was realized by selling the stock at an average price of $72.70. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Boston Scientific Corp. has had a low of $48.35 and a high of $74.39. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.66, and a quick ratio of 1.14.
The net profit margin was 12.00% and return on equity was 9.38% for BSX. The company reported revenue of $3.86 billion for the quarter, compared to $3.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.78 percent.
