BSX - Boston Scientific Corporation
42.15 -0.17 (-0.40%)
After hours: 5:06PM EDT
| Previous Close | 41.94 |
| Open | 42.03 |
| Bid | 42.36 x 900 |
| Ask | 42.37 x 3200 |
| Day's Range | 41.96 - 42.64 |
| 52 Week Range | 31.56 - 43.84 |
| Volume | 3,487,019 |
| Avg. Volume | 5,601,971 |
| Market Cap | 58.95B |
| Beta (3Y Monthly) | 0.70 |
| PE Ratio (TTM) | 42.75 |
| EPS (TTM) | 0.99 |
| Earnings Date | Oct 22, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 48.23 |
- Zacks
BAX or BSX: Which Is the Better Value Stock Right Now?
BAX vs. BSX: Which Stock Is the Better Value Option?
- Zacks
IoMT Becomes the Buzzword in New Age MedTech Investing
Increasing adoption of cloud platforms, phones, phablets, tablets and other smart devices as well as apps is making acceptance of IoMT easier among the masses.
- TipRanks
Morgan Stanley: Buy These 3 Stocks on Recent Weakness
Investors are always looking for stocks that represent compelling investment opportunities but finding them isn’t always an easy task. That being said, Wall Street’s top investment firms can provide helpful insights as to which stocks boast a strong long-term growth narrative. Top analysts from Morgan Stanley have released updates on a few stocks that do just that.The firm recently issued recommendations on 3 stocks, highlighting each as presenting a unique buying opportunity given recent weakness. Each boasts significant support from the rest of the Street as well as potential for substantial long-term upside.Bearing this in mind, we used TipRanks’ investing tools to take a closer look at Morgan Stanley’s 3 picks. Here’s what we found out. Uber Technologies Inc. (UBER)It’s no question that it has been a bumpy ride for Uber since going public. As of its May 10 IPO date, shares are down 20% with some investors expressing their concern that recent headwinds will further delay a turnaround.Uber has been bogged down by costs related to its public offering. On August 8, the company reported a second quarter loss of $5.2 billion, its largest ever quarterly loss, as a result of $3.9 billion worth of stock-based compensation expenses it incurred from the IPO. Even without those expenses, the ride sharing company still lost approximately $1.3 billion. However, management points out that its heavy investments in Uber Freight, food delivery and price reductions in its ride-hailing business can be attributed to the loss.New regulation in California also threatens to derail Uber’s plans to reach profitability. California senators will vote on Assembly Bill 5 (AB5) this month which if passed, would make it more difficult for gig economy companies to classify workers as independent contractors. This would force Uber to consider drivers employees, which would adversely affect business.That being said, Uber could pass the added costs along to consumers in order to offset some of the impacts of AB5. Not to mention the company stated on September 6 that it plans to invest $200 million per year in its fasting growing segment, Uber Freight. One top analyst, Brian Nowak, argues that Uber has multiple ways to offset the headwind of AB5 being approved. “We expect Uber to pass through most of the higher costs to consumers and minimize the cash flow headwind…balancing the incremental costs Uber will bear with the expected impact on consumer demand from higher fares. This will come at a cost with an estimated 2021 negative financial impact ranging from 6-16% of contribution profit,” he explained. As a result, the five-star analyst reiterated his Buy rating and $57 price target on September 5. He thinks shares have the potential to surge 59% in the next twelve months.All in all, Wall Street is bullish on the ride sharing platform. Uber boasts a ‘Strong Buy’ analyst consensus and a $54 average price target, indicating 61% upside potential. Domino's Pizza, Inc. (DPZ)While the pizza delivery chain hasn’t been shy about acknowledging the threat of third-party delivery services in recent quarters, Morgan Stanley tells investors to keep putting DPZ on their plates even though shares have dropped 1% year-to-date. Domino’s Pizza invited several Wall Street analysts including Morgan Stanley’s John Glass to its “innovation garage” on September 6. The event showcased its new innovation and technology initiatives, with the analyst telling investors he remains convinced the company is set to serve up long-term gains.While DPZ didn’t actually reveal anything brand new at the event, it did go a long way to renew the analyst’s confidence in the pizza chain. Among his takeaways from the event, Glass highlighted the fact that management maintained that it will be able to meet its three to five year same store sales guidance of 3% to 6% growth. Domino’s expects to achieve this thanks to several of its near-term initiatives. As part of these initiatives, DPZ will start offering better carryout options as well as 20% off all orders placed after 9 p.m. Adding to the good news, its GPS tracking is expected to be launched systemwide by the end of 2019. The company will also start testing autonomous vehicles to provide a cheaper delivery option for customers as they won’t need to tip. Glass sees all of the above as steps in the right direction. “Unlike a typical analyst meeting, this event didn't break new news, but what we did hear was generally positive as management outlined some more specific near-term steps to drive domestic sales,” he explained. As a result, the four-star analyst reiterated his Buy rating and $287 price target on September 9. The price target demonstrates Glass’ confidence in DPZ’s ability to gain 17% over the next twelve months.With 14 Buy ratings vs 7 Holds and 1 Sell assigned over the last three months, the word on the Street is that DPZ is a ‘Moderate Buy’. Its $285 average price target suggests 16% upside potential. Boston Scientific Corporation (BSX)The last stock on our list manufactures medical devices designed to provide less invasive medical solutions. Its devices include defibrillators, pacemakers as well as many other products for interventional medical specialties. While shares have declined 0.14% in the last month, Morgan Stanley’s David Lewis tells investors BSX shares are poised for long-term gains.According to BSX’s July 24 Q2 earnings release, the company looks solid. It generated quarterly sales of $2.6 billion, up 5.6% on a reported basis and 6.3% on an organic basis from the year-ago quarter. Management attributes this to revenue growth across all segments.The company’s latest acquisitions and new products are expected to drive even more growth. On August 26, BSX finalized its $4.2 billion acquisition of BTG plc, helping BSX expand its interventional oncology, arterial and venous therapy product offerings. It also acquired Vertiflex Inc. back in June, which designed a minimally-invasive device to improve physical function and reduce pain in patients with lumbar spinal stenosis, or the narrowing of the spinal canal.Not to mention BSX announced the FDA approval for its ImageReady MRI labeling for the Vercise Gevia Deep Brain Stimulation (DBS) system in an MRI environment on August 19. The system, along with the Vercise Cartesia Directional Lead, was developed to treat symptoms of Parkinson’s Disease, a progressive nervous system disorder that can cause shaking, muscle stiffness and slow movement. It’s estimated that 10 million people are affected by the debilitating disease globally.All of these positive developments contributed to Lewis’ conclusion that BSX’s long-term growth narrative remains strong. As a result, he reiterated his Buy rating and $50 price target on August 29. The four-star analyst sees 20% upside potential for the company. All in all, the rest of the Street mirrors the analyst’s sentiment. Boston Scientific boasts a ‘Strong Buy’ Street consensus as well as a $49 average price target, implying 16% upside potential. Discover the Street’s best-rated stocks with the Top Analysts’ Stocks tool
- InvestorPlace
3 Big Stock Charts for Tuesday: Boston Scientific, GM and United Airlines
The bulls tried to revive the rally from last week as the new trading week began, but no dice. The S&P 500 essentially broke even on Monday, as investors remain on the fence about the true strength of the global economy.Source: Shutterstock Twilio (NYSE:TWLO) held the broad market back more than any other name, falling more than 9% after shareholders renewed doubts about the future of the cloud-based digital customer service middleman.At the other end of the spectrum, Bank of America (NYSE:BAC) and AT&T (NYSE:T) worked just a little bit harder. Shares of the telecom outfit ended the day up nearly 1.5% after activist investment group Elliott Management took on a stake and began clamoring for improvements. Meanwhile, BofA shares shot higher to the tune of 3%, leading an industry-wide rally spurred by a healthy rise in interest rates.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell in Market-Cursed September As for the stock charts that merit a closer inspection headed into Tuesday's session though, take a look at Boston Scientific (NYSE:BSX), General Motors (NYSE:GM) and United Airlines Holdings (NASDAQ:UAL). Here's why. General Motors (GM)General Motors hasn't been an easy name to own -- or hold onto -- for several years now. Aside from the sheer day-to-day volatility, GM stock has made some alarmingly big selloffs even since the 2008 recovery. Not even the auto-buying frenzy that lead to "peak auto" proved beneficial for the stock.There has been a method to the madness the whole time though, even if it has been tough to ferret out. The trick, taking a huge step back and putting the near-term action in context. * Click to EnlargeThe long-term view of the weekly chart makes clear that last year's reversal is the result of an encounter with a support line that extends all the way back to 2012 low (not shown). * The travel within that rising trading range, however, is range-bound in and of itself. Since late last year, GM stock has moved coherently through a rising trading range as well, framed in red on both stock charts. * Assuming the recent range-bound action and push up and off the long-term support line is part of a pattern, General Motors shares could rally to nearly $50 before bumping into technical resistance again. United Airlines Holdings (UAL)With nothing more than a quick glance, United Airlines Holdings shares just look like they're trapped in a trading range, content to drift sideways in a choppy manner. And, perhaps that's all the past several weeks are, and will continue to be into the future.But, given the stock's history and the context of the current action -- and where the subtle turn seems to be taking shape -- it would be naive to ignore a distinct possibility here. A major bullish move could be in the works. * 7 Low-Risk Mutual Funds to Buy Now * Click to EnlargeThe daily chart indicates a couple of resistance lines and one key support level, all plotted in yellow, making for a well-established trading range. That sideways action could be fanning some flames for a breakout thrust though. * The prod for that thrust is easier to identify on the weekly chart, however. June's kiss of the lower boundary of the rising trading range going back to 2016 spurred a reversal that was renewed last months. * The context in question is the similarity of the action since the beginning of this year and the choppiness from early last year. The latter results in a move to the upper edge of the trading range. Boston Scientific (BSX)As of Friday's close, Boston Scientific shares looked like they were breaking out of a narrowing wedge pattern that started to take shape in June. It's plotted in yellow on the daily chart. BSX closed above the upper boundary as of the end of last week. But, perhaps that move was the last headfake before shares finally rollover and make a move to the downside that has actually been brewing for months.Fortunately, there are two plausible floors that will catch any pullback that gets rolling here. Unfortunately, neither is particularly close, and one is well below the stock's current value. * Click to EnlargeThe sheer scope of Monday's reversal is telling. A little bit of a gain and hint of a breakout move enticed would be buyers, but shares plunged under the blue 20-day and purple 50-day moving average lines yesterday. * There are two prospects for a downside target. The upper one is around $37.60, where the near-term technical floor made by connecting last year's key lows can be found. The other is at $31.30, made by lining up the key lows between 2014 and 2018, marked in red. * The daily chart's floor at $41.27, or the lower end of the trading range made since June, is the last bastion of hope for the time being.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 3 Big Stock Charts for Tuesday: Boston Scientific, GM and United Airlines appeared first on InvestorPlace.
- Simply Wall St.
Does Boston Scientific Corporation's (NYSE:BSX) CEO Pay Reflect Performance?
Mike Mahoney has been the CEO of Boston Scientific Corporation (NYSE:BSX) since 2012. First, this article will compare...
- Zacks
Boston Scientific Closes BTG Buyout, PI Arm to Get a Boost
In its effort to accommodate the acquisition of BTG, Boston Scientific (BSX) is offloading its certain non-prior businesses.
- Zacks
Boston Scientific (BSX) Up 1.6% Since Last Earnings Report: Can It Continue?
Boston Scientific (BSX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
BAX vs. BSX: Which Stock Is the Better Value Option?
BAX vs. BSX: Which Stock Is the Better Value Option?
- PR Newswire
Boston Scientific to Participate in the 2019 Wells Fargo Securities Healthcare Conference
MARLBOROUGH, Mass. , Aug. 20, 2019 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) is scheduled to participate in the 2019 Wells Fargo Securities Healthcare Conference on Thursday, September ...
- Zacks
Boston Scientific's (BSX) Vercise Gevia DBS Gets FDA Nod
Boston Scientific's (BSX) Vercise Gevia DBS system should boost neuromodulation revenues for the company.
- Zacks
Here's Why You Should Hold Varian Medical (VAR) Stock Now
Varian (VAR) raises the revenue guidance for fiscal 2019.
- PR Newswire
Boston Scientific Announces FDA Approval Of ImageReady™ MRI For Vercise Gevia™ Deep Brain Stimulation System
MARLBOROUGH, Mass., Aug. 19, 2019 /PRNewswire/ -- Boston Scientific Corporation (BSX) announced the U.S. Food and Drug Administration (FDA) approval of its ImageReady™ MRI labeling for the Vercise Gevia™ Deep Brain Stimulation (DBS) System to be used in a full-body magnetic resonance imaging (MRI) environment.1 This system, with the Vercise Cartesia™ Directional Lead, is designed to treat the symptoms of Parkinson's Disease (PD) by delivering precisely targeted electrical stimulation in the brain to provide optimal symptom relief and better control of unwanted side effects.
- PR Newswire
Boston Scientific Closes Acquisition of BTG plc.
MARLBOROUGH, Mass., Aug. 19, 2019 /PRNewswire/ -- Boston Scientific Corporation (BSX) today announced the completion of its acquisition of BTG plc. (BTG.L) pursuant to the previously announced scheme of arrangement. BTG has three key businesses, the largest of which is its highly-differentiated Interventional Medicine portfolio that encompasses interventional oncology therapeutic technologies for patients with liver and kidney cancers, as well as a vascular portfolio for treatment of deep vein thrombosis, pulmonary embolism, deep venous obstruction and superficial venous disease. "The addition of the BTG Interventional Medicine portfolio reinforces our category leadership strategy and enables us to offer best-in-class technologies, unparalleled clinical evidence and a strengthened commercial infrastructure to support physicians treating some of the most challenging diseases impacting patient health around the world," said Mike Mahoney, chairman and chief executive officer, Boston Scientific.
- Zacks
Teledyne Technologies, Netgear, Boston Scientific, Medtronic and Becton Dickinson highlighted as Zacks Bull and Bear of the Day
Teledyne Technologies, Netgear, Boston Scientific, Medtronic and Becton Dickinson highlighted as Zacks Bull and Bear of the Day
- Zacks
FDA Resets PAD Guidelines: The Road Ahead for Device Makers
On its advisory list, the FDA suggests that doctors should point out the risks and benefits of all available PAD treatment options to their patients.
- Zacks
Cardiovascular Systems Set to Present LIBERTY 360 Outcome
This study outcome is expected to be a major stride forward in Cardiovascular Systems' (CSII) endeavor to offer treatment to patients of multi-level peripheral artery disease (PAD).
- Simply Wall St.
Don't Sell Boston Scientific Corporation (NYSE:BSX) Before You Read This
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
- American City Business Journals
Bain executive joins biotech startup Cerevel's C-suite
Cerevel announced Wednesday that Bain Capital principal Orly Mishan has moved from a space on the company's board of directors to become its new chief business officer.
- Zacks
Boston Scientific Rides on New Products Amid Dull Pacer Sales
Within MedSurg, Boston Scientific (BSX) is on track for the year-end launch of Exalt-D Single-Use Duodenoscope, which is used in ERCP procedures.
- Zacks
Top Analyst Reports: Amgen, Uber, Mondelez & More
Top Analyst Reports: Amgen, Uber, Mondelez & More
- GuruFocus.com
David Carlson Goes 2 for 2 in 2nd Quarter
Guru invests in Dutch semiconductor company and a major telecom company Continue reading...
- Zacks
4 Medical Product Stocks Set to Beat This Earnings Season
Here we discuss four medical product stocks that are due to report soon and are likely to beat estimates on earnings, riding on a host of factors.
- American City Business Journals
Mayo Clinic, Boston Scientific teaming up on med-tech accelerator
Mayo Clinic and Boston Scientific Corp. on Monday will announce the formation of Motion Medical, a medical-technology accelerator housed in Rochester's new Destination Medical Center development.
- Simply Wall St.
What We Think Of Boston Scientific Corporation’s (NYSE:BSX) Investment Potential
Today we'll evaluate Boston Scientific Corporation (NYSE:BSX) to determine whether it could have potential as an...
- Motley Fool
10 Biggest Medical Device Stocks
Market caps for these medical device stocks are big. Most of them have been big winners, too.
