NYSE:BSX

Boston Scientific (BSX) Stock Forecast, Price & News

$53.64

+0.20 (+0.37%)

(As of 05/19/2023 08:48 PM ET)

Compare

Today's Range: $53.18
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$53.78
50-Day Range: $47.60
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$53.77
52-Week Range: $34.98
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$54.08

Volume: 8.50 million shs
Average Volume: 8.48 million shs
Market Capitalization: $75.10 billion

P/E Ratio: 90.92
Dividend Yield: N/A
Price Target: $53.89

Boston Scientific MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 0.5% Upside
$53.89 Price Target
Short Interest: Healthy
1.28% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.85
Upright™ Environmental Score
News Sentiment: 0.38
Based on 21 Articles This Week
Insider Trading: Selling Shares
$13.16 M Sold Last Quarter
Proj. Earnings Growth: 12.82%
From $1.95 to $2.20 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Medical Sector

263rd out of 971 stocks

Surgical & Medical Instruments Industry

29th out of 103 stocks

2.5

Analyst's Opinion

Consensus Rating
Boston Scientific has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.89, Boston Scientific has a forecasted upside of 0.5% from its current price of $53.64.
Amount of Analyst Coverage
Boston Scientific has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.28% of the outstanding shares of Boston Scientific have been sold short.
Short Interest Ratio / Days to Cover
Boston Scientific has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Boston Scientific has recently increased by 16.39%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Boston Scientific does not currently pay a dividend.
Dividend Growth
Boston Scientific does not have a long track record of dividend growth.

4.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Boston Scientific has received a 63.61% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Neurostimulators", "Cardiac resynchronization therapy (CRT) devices", and "Coronary stents" products. See details.
Environmental Sustainability
The Environmental Impact score for Boston Scientific is -0.85.

2.4

News and Social Media Coverage

News Sentiment
Boston Scientific has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Boston Scientific this week, compared to 12 articles on an average week.
Search Interest
19 people have searched for BSX on MarketBeat in the last 30 days. This is an increase of 12% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Boston Scientific to their MarketBeat watchlist in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Boston Scientific insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,157,519.00 in company stock.
Percentage Held by Insiders
Only 0.71% of the stock of Boston Scientific is held by insiders.
Percentage Held by Institutions
90.23% of the stock of Boston Scientific is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Boston Scientific are expected to grow by 12.82% in the coming year, from $1.95 to $2.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Boston Scientific is 90.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boston Scientific is 90.92, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 136.03.
Price to Earnings Growth Ratio
Boston Scientific has a PEG Ratio of 2.39. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Boston Scientific has a P/B Ratio of 4.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Boston Scientific (NYSE:BSX) Stock

Boston Scientific Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical procedures. It operates through the MedSurg and Cardiovascular segments. The MedSurg segment includes Urology and Neuromodulation. The Cardiovascular segment consists of Cardiology and Peripheral Interventions. The company was founded by John E. Abele and Pete Michael Nicholas on June 29, 1979, and is headquartered in Marlborough, MA.

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BSX Stock News Headlines

May 15, 2023 | marketbeat.com

Shockwave Medical, Fast Grower, In Boston Scientific's Sights? (BSX)

Shockwave earnings are growing at triple-digit rates. The company easily beat Q1 views. Boston Scientific is reportedly interested in acquiring Shockwave.

April 27, 2023 | marketbeat.com

Can Boston Scientific Set Another Net High?

Boston Scientific issued a stellar report and gave favorable guidance, but the stock is having difficulty moving higher and may move sideways in the near term.

May 22, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost.

April 24, 2023 | marketbeat.com

3 Medtech Companies with Higher Future Share Prices

The analysts see normalization and growth for the med tech industry and have started picking their favorites for 2023 and beyond.

May 21, 2023 | americanbankingnews.com

Boston Scientific (NYSE:BSX) Earns Buy Rating from Analysts at StockNews.com

May 20, 2023 | americanbankingnews.com

Boston Scientific Co. (NYSE:BSX) EVP Sells $3,394,970.40 in Stock

May 19, 2023 | markets.businessinsider.com

Piper Sandler Sticks to Their Buy Rating for Boston Scientific (BSX)

May 16, 2023 | benzinga.com

Boston Scientific Stock (NYSE:BSX), Insider Trading Activity

May 22, 2023 | Legacy Research (Affiliate) (Ad)

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May 16, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Boston Scientific Co. (NYSE:BSX) Boosted by Zacks Research

May 15, 2023 | theglobeandmail.com

Chart of the Day: Boston Scientific - Medical Technology

May 15, 2023 | msn.com

Are Medical Stocks Lagging Boston Scientific (BSX) This Year?

May 15, 2023 | finance.yahoo.com

Boston Scientific to Participate in Bernstein's 39th Annual Strategic Decisions Conference

May 15, 2023 | cbsnews.com

Boston Celtics to face Miami Heat in Eastern Conference finals rematch

May 15, 2023 | msn.com

Boston's Jayson Tatum opens up about his Celtic pride after Game 7 blowout of 76ers

May 14, 2023 | ftw.usatoday.com

Game 7: Philadelphia 76ers vs. Boston Celtics, live stream, channel, picks, NBA Playoffs live stream

May 13, 2023 | cbsnews.com

Cristo Rey Boston High School's entire senior class of 2023 heading to college

May 13, 2023 | ftw.usatoday.com

Boston Red Sox vs. St. Louis Cardinals live stream, TV channel, start time, odds | May 13

May 13, 2023 | msn.com

New study shows massive disparities in life expectancy among Boston neighborhoods

May 12, 2023 | msn.com

Boston man charged with acting as a spy for China to keep tabs on pro-democracy dissidents

May 12, 2023 | foxnews.com

Boston man jailed for acting as Chinese government informant

May 12, 2023 | msn.com

Celtics Lab 190: Boston snatches victory from the jaws of defeat in Game 6 with Greg Brueck-Cassoli

May 11, 2023 | sfgate.com

Boston bus stops double as digital libraries under new pilot program

May 11, 2023 | bizjournals.com

New Boston-based VC fund has $50M for blood tech startups

May 11, 2023 | cnn.com

Your sneak peek inside the first US Chase Sapphire Lounge at Boston Logan International Airport

May 10, 2023 | marketwatch.com

Boston Scientific Corp. stock rises Wednesday, still underperforms market

May 10, 2023 | uk.finance.yahoo.com

Boston Scientific Insiders Sold US$6.3m Of Shares Suggesting Hesitancy

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BSX Company Calendar

Last Earnings: 4/26/2023
Today: 5/21/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Surgical & medical instruments
Sub-Industry: Health Care Equipment
Sector: Medical
Current Symbol: NYSE:BSX
CUSIP: 10113710
CIK: 885725
Web: www.bostonscientific.com
Phone: (508) 683-4000
Fax: 508-683-5675
Employees: 45,000
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $53.89
High Stock Price Forecast: $60.00
Low Stock Price Forecast: $43.00
Forecasted Upside/Downside: +0.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.59
Trailing P/E Ratio: 90.92
Forward P/E Ratio: 27.51
P/E Growth: 2.39
Net Income: $698 million
Net Margins: 6.91%
Pretax Margin: 10.95%
Return on Equity: 14.57%
Return on Assets: 7.94%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 1.40
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $12.68 billion
Price / Sales: 5.92
Cash Flow: $2.61 per share
Price / Cash Flow: 20.54
Book Value: $12.94 per share
Price / Book: 4.15

Miscellaneous

Outstanding Shares: 1,400,000,000
Free Float: 1,390,060,000
Market Cap: $75.10 billion
Optionable: Optionable
Beta: 0.80

Social Links

Key Executives

Michael F. Mahoney
Chairman, President & Chief Executive Officer

John Bradley Sorenson
Executive Vice President-Global Operations

Daniel J. Brennan
Chief Financial Officer & Executive Vice President

Jodi Eddy
Senior VP, Chief Information & Digital Officer

Ian T. Meredith
Global Chief Medical Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BSX Stock - Frequently Asked Questions

Should I buy or sell Boston Scientific stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Scientific in the last twelve months. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BSX shares.
View BSX analyst ratings or view top-rated stocks.
What is Boston Scientific's stock price forecast for 2023?: 15 analysts have issued 1-year price targets for Boston Scientific's shares. Their BSX share price forecasts range from $43.00 to $60.00. On average, they predict the company's stock price to reach $53.89 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for BSX or view top-rated stocks among Wall Street analysts.
How have BSX shares performed in 2023?: Boston Scientific's stock was trading at $46.27 at the beginning of 2023. Since then, BSX stock has increased by 15.9% and is now trading at $53.64.
View the best growth stocks for 2023 here.
Are investors shorting Boston Scientific?: Boston Scientific saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,970,000 shares, an increase of 16.4% from the April 15th total of 15,440,000 shares. Based on an average trading volume of 8,710,000 shares, the short-interest ratio is presently 2.1 days.
View Boston Scientific's Short Interest.
When is Boston Scientific's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our BSX earnings forecast.
How were Boston Scientific's earnings last quarter?: Boston Scientific Co. (NYSE:BSX) posted its quarterly earnings data on Wednesday, April, 26th. The medical equipment provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The medical equipment provider earned $3.39 billion during the quarter, compared to the consensus estimate of $3.16 billion. Boston Scientific had a trailing twelve-month return on equity of 14.57% and a net margin of 6.91%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS.
Read the conference call transcript.
What ETFs hold Boston Scientific's stock?: ETFs with the largest weight of Boston Scientific (NYSE:BSX) stock in their portfolio include Goldman Sachs Future Health Care Equity ETF (GDOC), iShares U.S. Medical Devices ETF (IHI), Adaptiv Select ETF (ADPV), Global X Aging Population ETF (AGNG), Invesco Dynamic Market ETF (PWC), BlackRock Future Health ETF (BMED), Putnam Sustainable Leaders ETF (PLDR) and JPMorgan Social Advancement ETF (UPWD).
What guidance has Boston Scientific issued on next quarter's earnings?: Boston Scientific updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.48-$0.50 for the period, compared to the consensus estimate of $0.48. The company issued revenue guidance of $3.46 billion-$3.52 billion, compared to the consensus revenue estimate of $3.44 billion.

What is Michael F. Mahoney's approval rating as Boston Scientific's CEO?: 947 employees have rated Boston Scientific Chief Executive Officer Michael F. Mahoney on Glassdoor.com. Michael F. Mahoney has an approval rating of 98% among the company's employees. This puts Michael F. Mahoney in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Boston Scientific own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Boston Scientific investors own include NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AT&T (T), CVS Health (CVS), Walt Disney (DIS), Bank of America (BAC), Advanced Micro Devices (AMD), Visa (V) and Salesforce (CRM).
What is Boston Scientific's stock symbol?: Boston Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSX."
Who are Boston Scientific's major shareholders?: Boston Scientific's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (3.32%), Geode Capital Management LLC (1.81%), Bollard Group LLC (1.72%), Bank of New York Mellon Corp (1.13%), Vontobel Asset Management Inc. (0.89%) and FIL Ltd (0.63%). Insiders that own company stock include Arthur C Butcher, Daniel J Brennan, David A Pierce, David A Pierce, David S Wichmann, Edward F Mackey, Eric Francis Yves Thepaut, Ian T Meredith, Jeffrey B Mirviss, Jeffrey B Mirviss, Jodi Euerle Eddy, John Bradley Sorenson, Jonathan Monson, Joseph Michael Fitzgerald, Maulik Nanavaty, Meghan Scanlon, Michael F Mahoney, Michael F Mahoney, Nelda J Connors, Scott Olson, Wendy Carruthers and William F Bruss.
View institutional ownership trends.
How do I buy shares of Boston Scientific?: Shares of BSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Boston Scientific's stock price today?: One share of BSX stock can currently be purchased for approximately $53.64.
How much money does Boston Scientific make?: Boston Scientific (NYSE:BSX) has a market capitalization of $75.10 billion and generates $12.68 billion in revenue each year. The medical equipment provider earns $698 million in net income (profit) each year or $0.59 on an earnings per share basis.
How many employees does Boston Scientific have?: The company employs 45,000 workers across the globe.
Does Boston Scientific have any subsidiaries?: The following companies are subsidiares of Boston Scientific: 34 Biomedical Merger Corp., 9357-1867 Quebec Inc., Acurate Industria e Comercio Ltda., Advanced Bionics, Advanced Stent Technologies, American Medical Systems, American Medical Systems Europe B.V., Apama Medical, Apama Medical Inc., Asthmatx, Atritech, Augmenix, Augmenix Inc., Augmenix K.K., BSC International Medical Trading (Shanghai) Co. Ltd., BSC Medical Device Technology (Shanghai) Co. Ltd., BTG, BTG Australasia Pty Ltd, BTG Europe B.V., BTG IM Holdings Ltd., BTG International (Holdings) Limited, BTG International Asia Limited, BTG International Canada Inc., BTG International Germany GmbH, BTG International Healthcare Inc., BTG International Healthcare LLC, BTG International Healthcare Limited, BTG International Inc., BTG International Limited, BTG Limited, BTG Management Services Limited, BTG Medikal Limited Sirketi, Bard Electrophysiology, Barosense, Biocompatibles Inc., Biocompatibles International Limited, Biocompatibles UK Limited, Boston Scientific (Malaysia) Sdn. Bhd., Boston Scientific (South Africa) Proprietary Limited, Boston Scientific (Thailand) Ltd., Boston Scientific (UK) Limited, Boston Scientific AG, Boston Scientific Argentina S.A., Boston Scientific Asia Pacific Pte. Ltd., Boston Scientific Benelux NV, Boston Scientific Canada Limited, Boston Scientific Ceska republika s.r.o., Boston Scientific Chile SpA, Boston Scientific Colombia Limitada, Boston Scientific Comercial de Costa Rica BSCR S.R.L., Boston Scientific Far East B.V., Boston Scientific Gesellschaft m.b.H., Boston Scientific Group plc, Boston Scientific Hellas S.A., Boston Scientific Hong Kong Limited, Boston Scientific Iberica S.A., Boston Scientific India Private Limited, Boston Scientific International B.V., Boston Scientific International Finance Limited, Boston Scientific International S.A., Boston Scientific Israel Ltd., Boston Scientific Japan K.K., Boston Scientific Korea Co. Ltd., Boston Scientific Lebanon SAL, Boston Scientific Limited, Boston Scientific Ltd., Boston Scientific Medical Device, Boston Scientific Medical Device Limited, Boston Scientific Medizintechnik GmbH, Boston Scientific Middle East FZ-LLC, Boston Scientific Middle East SAL, Boston Scientific Nederland B.V., Boston Scientific Neuromodulation Corporation, Boston Scientific New Zealand Limited, Boston Scientific Nordic AB, Boston Scientific Peru S.A.C., Boston Scientific Philippines Inc., Boston Scientific Polska Sp. z o.o., Boston Scientific Portugal - Dispositivos Medicos Lda, Boston Scientific Pty Ltd, Boston Scientific Romania S.R.L., Boston Scientific S.A.S., Boston Scientific S.p.A., Boston Scientific Scimed, Boston Scientific Scimed Inc., Boston Scientific Services Private Limited, Boston Scientific TIP Gerecleri Limited Sirketi, Boston Scientific Technology & Engineering Services Private Limited, Boston Scientific Uruguay S.A., Boston Scientific Vietnam Company Limited, Boston Scientific de Costa Rica S.R.L., Boston Scientific de Mexico S.A. de C.V., Boston Scientific del Caribe Inc., Boston Scientific do Brasil Ltda., Bravo Bidco Limited, BridgePoint Medical, Cameron Health, Cardiac Pacemakers Inc., Cardiac Pathways Corp, Catheter Innovations, Claret Medical, Claret Medical Inc., Cosman Medical, Cosman Medical LLC, CryoCor, Cryterion Medical, Cryterion Medical Inc., Cryterion Medical Ireland Limited, EKOS LLC, EMcision, EMcision International Inc., EP Technologies, EP Technologies Inc., Electron Acquisition Corporation, EndoChoice, EndoChoice Holdings Inc., EndoChoice Inc., EndoChoice Innovation Center Ltd., EndoChoice Israel Ltd., Endotex, Enteric Medical Technologies, Galil Medical Inc., Galil Medical Ltd., Galil Medical UK Limited, Guidant, Guidant Delaware Holding Corporation, Guidant Europe NV, Guidant Puerto Rico B.V., Hong Kong Medtech Trading Limited, Intelect Medical, Millipede, Millipede Inc., NXT Merger Corp., Notebook Merger Sub Ltd., Novate Medical Limited, NxThera, NxThera Inc., PT Boston Scientific Indonesia, PneumRx GmbH, PneumRx LLC, PneumRx Liimited, Protherics Medicines Development B.V., Protherics Medicines Development Limited, Protherics UK Limited, Provensis Limited, RMI Acquisition Corp., Remon Medical Technologies, Rhythmia Medical, Robert S. Smith M.D. Inc., Roxwood Medical Inc., SNS Merger Corp, Sadra Medical, Sadra Medical Inc., Securus Medical Group, Securus Medical Group Inc., Special K Merger Corp., StarMedTec, Stream Enterprises LLC, Symetis, Symetis SA, Target Therapeutics, Target Therapeutics Inc., The LumenR Tissue Retractor System, Veniti, Veniti Inc., VertiFlex, Vertiflex Inc., Vessix Vascular, Xlumena, Zuma Investment Pty Ltd, iogyn, nVision Medical, and nVision Medical Corporation.
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How can I contact Boston Scientific?: Boston Scientific's mailing address is 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA, 01752. The official website for the company is www.bostonscientific.com. The medical equipment provider can be reached via phone at (508) 683-4000, via email at bsxinvestorrelations@bsci.com, or via fax at 508-683-5675.

This page (NYSE:BSX) was last updated on 5/22/2023 by MarketBeat.com Staff

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