Do investors have a safe investment in Boston Scientific Corp. (NYSE:BSX)?

The price of Boston Scientific Corp. (NYSE:BSX) shares last traded on Wall Street rose 1.39% to $81.79.

BSX stock price is now 6.39% away from the 50-day moving average and 19.71% away from the 200-day moving average. The market capitalization of the company currently stands at $120.45B.

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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, Fitzgerald Joseph Michael, EVP & Group Pres, Cardiology sold 14,132 shares of the company’s stock on Aug 28 ’24. The stock was sold for $1,130,560 at an average price of $80.00. Upon completion of the transaction, the EVP & Group Pres, Cardiology now directly owns 176,355 shares in the company, valued at $14.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28 ’24, Officer JOSEPH M FITZGERALD bought 14,132 shares of the business’s stock. A total of $1,130,560 was incurred on buying the stock at an average price of $80.00. 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 $80.96. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.61, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $128707092480, which is based on a 66.17 price-to-earnings ratio, a 5.15 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for BSX is $76.9762 and a two-hundred day moving average price translates $68.4657 for the stock.

The latest earnings results from Boston Scientific Corp. (NYSE: BSX) was released for 2024-06-30. The net profit margin was 12.00% and return on equity was 9.46% for BSX. The company reported revenue of $4.12 billion for the quarter, compared to $3.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.48 percent.

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