Stocks of Boston Scientific Corp. (NYSE:BSX) traded higher last session on Wall Street, up 0.15% to $78.14.
BSX stock price is now 3.22% away from the 50-day moving average and 21.88% away from the 200-day moving average. The market capitalization of the company currently stands at $114.88B.
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With the price target of $90, Goldman recently initiated with Buy rating for Boston Scientific Corp. (NYSE: BSX). On February 01, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $65 to quote $80, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Carruthers Wendy, EVP, Human Resources sold 6,983 shares of the company’s stock on Jul 01 ’24. The stock was sold for $539,786 at an average price of $77.30. Upon completion of the transaction, the EVP, Human Resources now directly owns 42,908 shares in the company, valued at $3.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, EVP, Human Resources Carruthers Wendy sold 6,983 shares of the business’s stock. A total of $526,029 was realized by selling the stock at an average price of $75.33. This leaves the insider owning 45,628 shares of the company worth $3.57 million. A total of 0.45% 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 $78.98. 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. According to the stock market information, the enterprise value for the company is $123793850368, which is based on a 65.29 price-to-earnings ratio, a 5.26 price-to-earnings-growth ratio, and a beta of 0.78. The fifty day moving average price for BSX is $75.8228 and a two-hundred day moving average price translates $64.2422 for the stock.
The latest earnings results from Boston Scientific Corp. (NYSE: BSX) was released for 2024-03-31. 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.
