Boston Scientific Corp. Given New $13.00 Price Target at Deutsche Bank (BSX)
Equities research analysts at Deutsche Bank raised their price target on shares of Boston Scientific Corp. (NYSE:BSX) from $11.00 to $13.00 in a research note issued to investors on Friday, AmericanBankingNews.com reports. Deutsche Bank’s target price suggests a potential upside of 12.65% from the company’s current price.
A number of other firms have also recently commented on BSX. Analysts at Jefferies Group raised their price target on shares of Boston Scientific Corp. to $12.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Boston Scientific Corp. in a research note to investors on Wednesday, October 9th. They now have a $12.00 price target on the stock. Finally, analysts at CL King downgraded shares of Boston Scientific Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.99.
Shares of Boston Scientific Corp. (NYSE:BSX) remained flat at $11.54 during trading on Friday. 10,924,041 shares of the company’s stock traded hands. Boston Scientific Corp. has a 52 week low of $5.04 and a 52 week high of $12.16. The stock’s 50-day moving average is $11. and its 200-day moving average is $9.12. The company’s market cap is $15.497 billion.
Boston Scientific Corp. (NYSE:BSX) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.08. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Boston Scientific Corp. will post $0.44 earnings per share for the current fiscal year.
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties.
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