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Analyst Perspectives: Boston Scientific Corporation (NYSE:BSX)
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Boston Scientific Corporation (NYSE:BSX) [Trend Analysis] shares are trading on quite an attractive forward Price to Earnings multiple of 16.24 for a large sized medical device manufacturer. Based on that, we have a look at what the market consensus ratings among analysts for BSX are to see if the experts believe the stock may be a good addition to portfolios.
Analysis
Boston Scientific Corporation (NYSE:BSX) last traded at $16.60 after moving up 0.24% for the trading day. The company last released their quarterly earnings results on February 4th for the period ended Dec-14. The company reported earnings of $0.22 against a Zack’s research estimate of $0.21. This represents a 4.76% surprise on the expected result.
The current average broker recommendation for Boston Scientific Corporation, according to Zack’s research, is 1.80, based on 22 broker ratings.
With 1 being a strong buy and 5 being a strong sell, this means that on a consensus basis, analysts currently see Boston Scientific Corporation as a buy. The 12 month target consensus price estimate among these analysts for Boston Scientific Corporation is currently at $17.19.
Out of the 22 broker recommendations for BSX, 12 recommend it as a strong buy, 2 as a buy, 8 as a hold 0 as a sell and 0 as a strong sell.
For the current quarter, the consensus analyst estimate for Boston Scientific Corporation (NYSE:BSX) is $0.21, with analysts expecting year on year growth for the company of 2.86%
About Boston Scientific Corporation (NYSE:BSX)
Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of minimally invasive medical devices. The company’s products are used in a broad range of interventional medical specialties, including cardiology, electrophysiology, gastroenterology, neuro-endovascular therapy, pulmonary medicine, radiology, urology and vascular surgery.