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Boston Scientific (BSX) Receives a Hold from Leerink Partners

In a report issued on January 24, Danielle Antalffy from Leerink Partners maintained a Hold rating on Boston Scientific (BSXResearch Report), with a price target of $48.00. The company’s shares closed last Thursday at $43.75.

According to TipRanks.com, Antalffy is a 4-star analyst with an average return of 9.1% and a 52.0% success rate. Antalffy covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Treace Medical Concepts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boston Scientific with a $49.20 average price target, which is an 11.2% upside from current levels. In a report issued on January 21, Deutsche Bank also maintained a Hold rating on the stock with a $45.00 price target.

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Based on Boston Scientific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.13 billion and net profit of $94 million. In comparison, last year the company earned revenue of $2.71 billion and had a net profit of $210 million.

Based on the recent corporate insider activity of 164 insiders, corporate insider sentiment is neutral on the stock.

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Boston Scientific Corporation engages in the manufacturing of medical devices and products that are used in various interventional medical specialties worldwide. The company provides implantable devices including heart monitors, technologies for treating coronary artery disease and other cardiovascular disorders, and devices for diagnosing and treating gastrointestinal and pulmonary problems.

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