Boston Scientific EVP Sells $144,305 in Stock (BSX)
Boston Scientific (NYSE:BSX) EVP Michael P. Phalen sold 11,471 shares of Boston Scientific stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $12.58, for a total value of $144,305.18. Following the completion of the transaction, the executive vice president now directly owns 127,486 shares in the company, valued at approximately $1,603,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on BSX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Scientific in a research note on Wednesday. They now have a $13.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Boston Scientific in a research note on Thursday, August 7th. They now have a $14.50 price target on the stock, down previously from $16.00. Finally, analysts at Sterne Agee initiated coverage on shares of Boston Scientific in a research note on Tuesday, July 29th. They set a “neutral” rating and a $13.50 price target on the stock. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Boston Scientific has an average rating of “Buy” and a consensus target price of $13.88.
Boston Scientific (NYSE:BSX) traded down 0.95% on Friday, hitting $12.46. 6,157,454 shares of the company’s stock traded hands. Boston Scientific has a 1-year low of $10.54 and a 1-year high of $14.08. The stock has a 50-day moving average of $12.81 and a 200-day moving average of $13.0. The company has a market cap of $16.518 billion and a P/E ratio of 69.50.
Boston Scientific (NYSE:BSX) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Boston Scientific will post $0.82 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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