It is the most commonly used metric for determining a company's value relative to its earnings. A ratio of 2 means its assets are twice that of its liabilities. However, per... Stryker Corporation SYK is well poised for growth backed by robust performing robotic-arm assisted surgery platform — Mako and diversified product portfolio. BSX has a short ratio of 1.76 and outstanding shares of 1.43B. That does not mean that all companies with large growth rates will have a favorable Growth Score. So be sure to compare it to its group when comparing stocks in different industries. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal, In the last 30 days, 2 ratings were published for Boston Scientific, Moving averages are indicators for traders to gauge momentum.
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Boston Scientific Corporation BSX is now commanding a market cap of 58.97B and a float of 1.43B. As a result, Boston Scientific announced first-quarter organic growth guidance of 5% to 7% and said the full-year growth guidance of 6.5% to 8.5% considers that the company will be able to make up for the slowdown in China business later in the year. Which Stock Will Bounce Back Best: Medtronic or Boston Scientific? Select "sell" rather than "buy". For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. Adria Cimino grew up with her nose in a book and a love of storytelling. The technique has proven to be very useful for finding positive surprises. Zacks Style Scores Education - Learn more about the Zacks Style Scores. As the name suggests, it's calculated as sales divided by assets. A support level is a level where the price may find support as it falls.
As a result, Boston Scientific announced first-quarter organic growth guidance of 5% to 7% and said the full-year growth guidance of 6.5% to 8.5% considers that the company will be able to make up for the slowdown in China business later in the year. But note, different industries have different margin rates that are considered good. These returns cover a period from January 1, 1988 through August 31, 2020. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. We use cookies to understand how you use our site and to improve your experience. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Its Value Score of C indicates it would be a neutral pick for value investors. Disclosure: we hold no position in BSX, either long or short, and we have not been compensated for this article. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels. Investors should also be aware of a bizarre and unfortunate trend with the company's stock. It is used to help gauge a company's financial health. The high price target for BSX is $58.00 and the low price target for BSX is $25.00.
Abbott Laboratories ABT announced the receipt of the FDA’s Emergency Use Authorization (“EUA”) for its AdviseDx SARS-CoV-2 IgM (Immunoglobulin M) lab-based serology test. And the medical device maker's outlook for the current quarter may mean investors will have to wait a while for additional gains. Zacks Rank Education -- Learn more about the Zacks Rank
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But here's the best news: The Exalt-D is the only FDA-cleared single-use duodenoscope. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. All told, it is clear that, BSX needs to be on your watchlist. This means that, broadly speaking, Boston Scientific is controlling its debt and paying it off efficiently, but it may be doing so in a way that is suboptimal for its shareholders.
The financial health and growth prospects of BSX, demonstrate its potential to underperform the market. 1 have rated the stock as Underweight. Boston Scientific Corporation also saw revenues increase to $2.0 billion. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. That's right -- they think these 10 stocks are even better buys. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity.
In this case, it's the cash flow growth that's being looked at. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. If you wish to go to ZacksTrade, click OK. The same problem that has made global headlines these past several weeks: the coronavirus. View the latest Boston Scientific Corp. (BSX) stock price, news, historical charts, analyst ratings and financial information from WSJ. Reported revenues were $2.0 billion compared to estimates of $1.7 billion. Wall Street says there is room for 17% upside from the current share price, and the average analyst recommendation is a strong buy.
Once again, though, investors will have to be patient.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. How good is it? Should I buy Boston Scientific Corporation (BSX)? There's a lot to appreciate about Boston Scientific Corporation (NYSE: BSX) from a healthcare investor's point of view. Simply, it doesn't match our recommended trading systems, Do you know when is it time to sell Boston Scientific?. *Stock Advisor returns as of June 2, 2020.
In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate.
Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Boston Scientific wasn't one of them! The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Notably, the test ... AngioDynamics, Inc. ANGO is likely to gain from a series of lucrative acquisitions and a robust product portfolio. Investors need to know how sustainable this current run. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). The longer-term perspective helps smooth out short-term events. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. This is a longer-term price change metric. ROE is always expressed as a percentage. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Volume is a useful item in many ways. By a twist of fate, she started her career writing about biotech in Boston and discovered that each company is the source of many fascinating stories. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). When evaluating a stock, it can be useful to compare it to its industry as a point of reference. To add more color to this target, the company’s high over the last... Gossamer Bio Inc. (GOSS) shares are trading at lower $10.09 and the avg recommendation for the stock is Strong Buy. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment.
Beyond the company's massive line of specialist tools for healthcare workers, its stable of implantable medical devices like pacemakers, and a bevy of simple-yet-critical healthcare staples like catheters, Boston Scientific is effective at serving multiple high-value portions of the healthcare value chain. What's weighing on the company's outlook? It's calculated as earnings divided by price. But Boston Scientific has a potential debt problem on the horizon, as its $10.6 billion in debt far eclipses its cash on hand of $370 million and rivals the size of its trailing-12-month revenue of $10.8 billion. Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Boston Scientific said the launch of high-growth products such as Exalt-D is at first dilutive to gross margin, but the company said the device will be a strong revenue driver, and we should see this in the second half of the year. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. A P/B of 1 means it's selling at its per share book value. Prior to joining The Fool as a contract writer focused on healthcare and consumer goods, Adria covered the stock market for Bloomberg News in Paris. "BSX.US" Choose your position size.
This would be due to delayed medical procedures as most medical resources are focused on handling the coronavirus situation, as well as supply chain disruptions. Its impressive second-quarter 2020 results buoy optimism as well. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below. ; Search for the stock code. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
There are currently 3 hold ratings, 19 buy ratings and 3 strong buy ratings for the stock, resulting in a consensus rating of "Buy." Boston Scientific, a maker of devices such as stents and catheters, estimated that the coronavirus in China could have a $10 million to $40 million negative impact on its sales in the first quarter. The PEG ratio is the P/E ratio divided by its growth rate.
Boston Scientific's stock was hammered during the March crash, and it hasn't recovered as rapidly as the rest of the market. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. A sector with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. The RSI value on Friday was 64.64.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Earnings estimate revisions are the most important factor influencing stocks prices.
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