Published: Sat, January 13, 2018
Business | By Tara Barton

Boston Scientific (BSX) Downgraded by Zacks Investment Research


The company has market cap of $37.67 billion. The stock decreased 0.78% or $0.21 during the last trading session, reaching $27.31. About 6.80M shares traded. Boston Scientific Corporation (NYSE:BSX) has risen 19.12% since January 11, 2017 and is uptrending. It has outperformed by 2.42% the S&P500.

Marco Investment Management Llc decreased Us Bancorp Del (USB) stake by 59.68% reported in 2017Q3 SEC filing. Quadrant Capital Group LLC raised its position in shares of Boston Scientific Corporation by 1.7% in the second quarter. Cim Investment Mangement Inc who had been investing in Portland General Electric Co. for a number of months, seems to be bullish on the $3.79B market cap company.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 1%, and has a solid year to date (YTD) performance of 10.65% which means that the stock is constantly adding to its value from the previous fiscal year end price. About 710,823 shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since January 11, 2017 and is downtrending. It has outperformed by 6.37% the S&P500. It also reduced its holding in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 20,000 shares in the quarter, leaving it with 40,000 shares, and cut its stake in Aetna Inc New (NYSE:AET).

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. There were 44 sold out positions, amounting to 3.05 million shares. The insider Pratt Timothy A. sold 10,000 shares worth $266,650. Phalen Michael P. sold $399,865 worth of stock or 15,835 shares.

Oppenheimer Holdings also issued estimates for Boston Scientific Corporation's Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.31 EPS, Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.24 EPS and FY2018 earnings at $1.42 EPS. Its up 0.01, from 1.03 in 2017Q2. It is negative, as 61 investors sold USB shares while 441 reduced holdings. 32 funds opened positions while 82 raised stakes. Arizona State Retirement stated it has 15,300 shares. Citadel Ltd Llc holds 0.05% or 2.08 million shares in its portfolio. Vanguard Group Inc. now owns 93,657,300 shares of the medical equipment provider's stock worth $2,596,181,000 after buying an additional 2,522,556 shares in the last quarter. Retail Bank Of Nova Scotia invested in 0.04% or 238,349 shares. The firm has "Hold" rating by Jefferies given on Friday, July 29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.72. (NYSE:ECL) for 448,113 shares. Royal Bank & Trust Of Canada stated it has 12,355 shares.

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Teacher Retirement System Of Texas increased Ecolab Inc (ECL) stake by 127.31% reported in 2017Q3 SEC filing. Macquarie Grp Ltd holds 33,000 shares or 0% of its portfolio. This showed a surprise of 0% in the last quarter earnings.

The Stock now has Analyst' mean Recommendation of 1.7 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Therefore 27% are positive.

Other equities research analysts have also issued research reports about the stock. FBR Capital maintained the shares of TREX in report on Tuesday, February 28 with "Mkt Perform" rating. Corporate insiders own 1.31% of the company's stock. The firm has "Buy" rating given on Tuesday, July 25 by Piper Jaffray. On Wednesday, January 3 the stock rating was upgraded by B. Riley & Co to "Buy". The rating has been shown in a report on Thursday, 26 October. The company was maintained on Wednesday, June 28 by Barclays Capital. The rating was upgraded by SunTrust on Monday, September 19 to "Neutral". The company was maintained on Wednesday, June 28 by Needham. Stifel Nicolaus maintained it with "Hold" rating and $58 target in Wednesday, November 9 report. Of those transactions, there were 710,384 shares of BSX bought and 1.74 million shares sold. Boston Scientific Corporation's revenue for the quarter was up 10.8% compared to the same quarter past year. Asset Mgmt One invested 0.15% in Boston Scientific Corporation (NYSE:BSX). $1.56 million worth of stock was sold by Nanavaty Maulik on Wednesday, August 30.

In recent action, Boston Scientific Corporation (BSX) has made a move of +8.50% over the past month, which has come on Strong relative transaction volume. Its down 0.01, from 0.9 in 2017Q2. The investor is now holding $52.33 million shares due in part to a decrease of 2.07 million new shares in their portfolio. Redwood Investments Ltd Liability Company holds 259,120 shares. Whittier Trust Of Nevada reported 1,117 shares. Canaccord Genuity initiated coverage on shares of Boston Scientific in a report on Tuesday, October 24th. CAPITAL WORLD INVESTORS owned 3.8% of Boston Scientific Corporation (BSX) worth $1.46 billion at the end of the most recent reporting period. Hsbc Hldgs Public Limited Com holds 0.06% or 1.32 million shares. Pdt Prns Lc reported 0.82% stake. Boston Family Office Limited Liability Company holds 43,550 shares. Bancorporation Of Ny Mellon Corporation holds 0.15% or 18.23 million shares. Ngam Advsr Limited Partnership reported 46,955 shares stake. 9,958 were reported by Bbr Ptnrs Ltd Liability Corporation. Oakworth has 0% invested in Boston Scientific Corporation (NYSE:BSX) for 170 shares. Of those insider trades, 0 shares of Boston Scientific Corporation were purchased and 185,778 shares were sold. Ig Inv Mngmt owns 0.01% invested in Boston Scientific Corporation (NYSE:BSX) for 68,000 shares. Oppenheimer maintained Boston Scientific Corporation (NYSE:BSX) on Monday, May 1 with "Hold" rating. Therefore 79% are positive. American Research & reported 0.02% in Boston Scientific Corporation (NYSE:BSX).

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