Boston Scientific (NYSE:BSX) Given “Outperform” Rating at Raymond James Financial

Raymond James Financial restated their outperform rating on shares of Boston Scientific (NYSE:BSXFree Report) in a report issued on Monday, MarketBeat reports. The brokerage currently has a $88.00 price target on the medical equipment provider’s stock, down from their prior price target of $97.00.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Boston Scientific from a “buy” rating to a “hold” rating in a report on Saturday. Canaccord Genuity Group dropped their price target on Boston Scientific from $112.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Royal Bank Of Canada cut their price target on Boston Scientific from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Weiss Ratings cut Boston Scientific from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boston Scientific in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.36.

View Our Latest Report on Boston Scientific

Boston Scientific Stock Performance

Shares of Boston Scientific stock opened at $62.90 on Monday. Boston Scientific has a 12 month low of $61.24 and a 12 month high of $109.50. The firm has a market capitalization of $93.49 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.07 and a beta of 0.69. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $76.94 and a two-hundred day simple moving average of $90.32.

Boston Scientific (NYSE:BSXGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The medical equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. Boston Scientific had a net margin of 14.44% and a return on equity of 19.63%. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same period last year, the business earned $0.70 EPS. Boston Scientific’s quarterly revenue was up 15.9% compared to the same quarter last year. Boston Scientific has set its Q1 2026 guidance at 0.780-0.800 EPS and its FY 2026 guidance at 3.430-3.490 EPS. On average, equities analysts forecast that Boston Scientific will post 2.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael F. Mahoney sold 160,901 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $93.49, for a total transaction of $15,042,634.49. Following the transaction, the chief executive officer directly owned 1,411,735 shares of the company’s stock, valued at $131,983,105.15. This represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Boston Scientific

A number of hedge funds have recently bought and sold shares of BSX. FWL Investment Management LLC purchased a new position in Boston Scientific in the second quarter worth about $26,000. Steph & Co. purchased a new stake in shares of Boston Scientific during the 3rd quarter valued at about $25,000. Murphy & Mullick Capital Management Corp lifted its stake in shares of Boston Scientific by 200.0% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 255 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 170 shares during the period. Financial Consulate Inc. purchased a new position in shares of Boston Scientific in the third quarter worth approximately $25,000. Finally, Swiss RE Ltd. purchased a new position in shares of Boston Scientific in the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Boston Scientific News Summary

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Boston Scientific Company Profile

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Boston Scientific Corporation (NYSE: BSX) is a global medical device company that develops, manufactures and markets a broad portfolio of products used in less-invasive medical procedures. Founded in 1979 by John Abele and Peter Nicholas, the company is headquartered in Marlborough, Massachusetts, and focuses on technologies that enable physicians to treat a wide range of cardiovascular, digestive, urologic, pulmonary and chronic pain conditions without open surgery.

Boston Scientific’s activities span product development, clinical research, regulatory affairs and commercial sales.

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