Boston Scientific Corporation (NYSE:BSX) has earned an average rating of “Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.07.

BSX has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $32.00 price target on shares of Boston Scientific Corporation in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Boston Scientific Corporation in a research report on Tuesday, May 16th. They set a “neutral” rating and a $28.00 price target for the company. Oppenheimer Holdings, Inc. set a $27.00 price target on shares of Boston Scientific Corporation and gave the company a “hold” rating in a research report on Friday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target (up previously from $29.00) on shares of Boston Scientific Corporation in a research report on Thursday, April 27th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $31.00 price target (up previously from $27.00) on shares of Boston Scientific Corporation in a research report on Wednesday, June 28th.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/25/boston-scientific-corporation-bsx-receives-30-07-consensus-price-target-from-brokerages.html.

In other Boston Scientific Corporation news, CFO Daniel J. Brennan sold 92,158 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $27.48, for a total transaction of $2,532,501.84. Following the completion of the sale, the chief financial officer now directly owns 235,421 shares in the company, valued at approximately $6,469,369.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Phalen sold 15,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.25, for a total transaction of $422,375.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 207,625 shares of company stock valued at $5,686,383. 0.74% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in BSX. Lord Abbett & CO. LLC purchased a new stake in Boston Scientific Corporation during the second quarter worth $40,460,000. Sentry Investment Management LLC raised its stake in Boston Scientific Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 107,243 shares of the medical equipment provider’s stock worth $2,973,000 after buying an additional 1,125 shares in the last quarter. WFG Advisors LP raised its stake in Boston Scientific Corporation by 17.3% in the second quarter. WFG Advisors LP now owns 157,919 shares of the medical equipment provider’s stock worth $4,378,000 after buying an additional 23,305 shares in the last quarter. Toronto Dominion Bank raised its stake in Boston Scientific Corporation by 26.1% in the second quarter. Toronto Dominion Bank now owns 463,826 shares of the medical equipment provider’s stock worth $12,854,000 after buying an additional 95,902 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in Boston Scientific Corporation by 80.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 16,800 shares of the medical equipment provider’s stock worth $466,000 after buying an additional 7,507 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Boston Scientific Corporation (NYSE BSX) traded up 0.04% during trading on Tuesday, hitting $26.72. The stock had a trading volume of 3,666,381 shares. Boston Scientific Corporation has a 12-month low of $19.67 and a 12-month high of $28.51. The stock has a 50 day moving average price of $27.09 and a 200 day moving average price of $26.21. The company has a market capitalization of $36.66 billion, a price-to-earnings ratio of 47.80 and a beta of 1.09.

Boston Scientific Corporation (NYSE:BSX) last announced its quarterly earnings results on Thursday, July 27th. 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. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Boston Scientific Corporation had a net margin of 9.04% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS. Equities research analysts forecast that Boston Scientific Corporation will post $1.26 earnings per share for the current year.

Boston Scientific Corporation Company Profile

Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.

Analyst Recommendations for Boston Scientific Corporation (NYSE:BSX)

Receive News & Stock Ratings for Boston Scientific Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Scientific Corporation and related stocks with our FREE daily email newsletter.