Research Report For Boston Scientific Corporation (BSX)

Bloomberg News		A news report says Boston Scientific Corp. could be a takeover target

BSX has been the topic of several recent research reports. These shares are worth $152,900 and were traded at $30.58 each. Stifel Nicolaus maintained the shares of BSX in report on Wednesday, April 25 with "Buy" rating.

Shares of Boston Scientific opened at $31.95 on Thursday, MarketBeat Ratings reports. Orrstown Financial holds 0% or 73 shares in its portfolio. Hbk Invs L P holds 0.17% of its portfolio in Boston Scientific Corporation (NYSE:BSX) for 635,000 shares. Ww Asset Mngmt has 0.12% invested in Boston Scientific Corporation (NYSE:BSX) for 92,622 shares. The ROIC Quality of Boston Scientific Corporation (NYSE:BSX) is 7.851977. Bridgewater Assoc LP owns 100,850 shares. Boston Scientific Corp had 21 analyst reports since December 12, 2017 according to SRatingsIntel. State Street has 51.61M shares for 0.12% of their portfolio. This public company's stock also has a beta score of 0.78.

Though it has recently stressed to investors its ability to innovate new technologies, over the years Boston Scientific has grown through acquisitions. Also, EVP Kevin J. Ballinger sold 42,803 shares of the business's stock in a transaction that occurred on Wednesday, March 14th. Thepaut Eric Francis Yves had sold 20,015 shares worth $603,368. Raymond James Assocs reported 491,204 shares. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.34 billion. The insider Fitzgerald Joseph Michael sold 85,227 shares worth $2.26 million. Boston Scientific Corporation (NYSE:BSX) presently has a 10 month price index of 1.13862. It has gross profit margin ratio of 72.20% for trailing twelve months and operating margin is calculated as 14.30%; these are a better detectors to find consistency or positive/negative trends in a firm's earnings. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.36 average brokerage recommendation. The stock stands almost 2.47% off versus the 52-week high and 30.2% away from the 52-week low. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock was last seen 2.96% higher, reaching at $31.95 on 06/08/2018. About 9.80M shares traded or 30.83% up from the average. Boston Scientific Corporation (NYSE:BSX) has risen 11.19% since June 10, 2017 and is uptrending. It has underperformed by 1.38% the S&P500. During the same period in the previous year, the firm posted $0.29 earnings per share. BSX's profit will be $469.14 million for 24.99 P/E if the $0.34 EPS becomes a reality. The medical equipment provider reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.01. Therefore 81% are positive. A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.

Boston Scientific, headed by US-based CEO Mike Mahoney, employs more than 3,000 in Ireland, which is home to three of its five European plants, in Galway, Cork and Clonmel, Co Tipperary. As per Wednesday, April 25, the company rating was maintained by Jefferies. Truewealth LLC acquired a new position in shares of Boston Scientific during the fourth quarter worth $116,000. Piper Jaffray Companies initiated coverage on Boston Scientific in a research note on Friday, February 23rd. Stifel Nicolaus has "Buy" rating and $3300 target. As per Tuesday, December 12, the company rating was maintained by BMO Capital Markets. The company's Market capitalization is $43.98B with the total Outstanding Shares of 1.38B. Currently, Boston Scientific Corporation (NYSE:BSX) has a 200-day MA of 28.05, and a 50-day of 29.55. On Tuesday, January 16 the stock rating was maintained by Needham with "Buy". The rating was maintained by Leerink Swann on Thursday, April 26 with "Outperform".


Following the report, Boston Scientific shares rose about 11 percent on the New York Stock Exchange to $35.46 before they settled back to close at $34.32, up 7.42 percent.

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company has market cap of $46.89 billion. It operates through three segments: Cardiovascular, Rhythm Management, and MedSurg. It has a 420.39 P/E ratio. The firm offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems.

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