How to Buy Boston Scientific Stock
Boston Scientific Corp
Boston Scientific is a medical device company located in Massachusetts, United States, which is part of the Healthcare sector, and is traded under the ticker BSX on the NYSE exchange.
Boston Scientific stock last closed at $67.44, down 0.93% from the previous day, and has increased 30.34% in one year. It has overperformed other stocks in the Medical Devices industry by 0.45 percentage points. Boston Scientific stock is currently +39.48% from its 52-week low of $48.35, and -2.56% from its 52-week high of $69.21.
At the moment, there are 1.47B BSX shares outstanding. The market capitalization of BSX is $98.94B. In the past 24 hours, 6.53M BSX shares were traded.
How to Buy Boston Scientific Stock
Not sure how to invest in Boston Scientific stock? Here's how.
- Choose where to buy Boston Scientific stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Boston Scientific stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Evaluate Boston Scientific stock: The Boston Scientific ticker symbol is BSX. Is Boston Scientific stock a good investment? Should you buy shares of BSX? How do BSX's underlying business fundamentals look? Do top analysts think Boston Scientific is a good buy? Why has BSX's stock price moved recently? (Hint: Our stock research website can help you figure out if BSX is a good stock to buy).
- Execute your BSX trade: Decide if you will purchase BSX shares at the current market price or use a limit order to purchase BSX shares at a given price.
- Monitor your BSX investment: Create a watchlist to important notifications about your new investment in Boston Scientific shares.
Step 1: Choose where to buy Boston Scientific stock
You will need an online brokerage account to access the NYSE market and buy BSX shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global financial markets: From Technology to Real Estate, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to buy BSX stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on a mobile trading app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing funds into your brokerage account.
Step 4: Evaluate Boston Scientific stock
Once you have figured out the best place to buy Boston Scientific stock, it's crucial to research their stock before you buy, so you truly understand the risk and opportunity.
Boston Scientific quick stats
Boston Scientific Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on BSX's stock page.
Is BSX stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge BSX's true value.
Using relative valuations ratios:
- BSX may be overvalued based on its P/E ratio of 62.44x, relative to Medical Devices industry P/E ratio of 29.46x
- BSX could be overvalued based on its P/B ratio of 5.13x, relative to Medical Devices industry P/B ratio of 3.71x
- BSX could be overvalued based on its PEG ratio of 1.85x
You can do additional valuation analysis on BSX's stock here.
BSX Financial Health Summary
Positive Health Checks:
- BSX profit margin has gone up from 5.1% to 11% in the past year.
- BSX earnings of $2.25B is not sufficient to cover its interest payments.
- BSX's operating cash flow of $2.50B allows it to safely service it's debt of $9.10B.
- There are more short-term assets than short-term liabilities on the BSX balance sheet.
- Total BSX debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the BSX balance sheet.
- BSX has a relatively high debt to equity ratio of 0.81.
Is BSX stock a Buy, Hold, or Sell, according to analysts?
Out of 15 Wall Street analysts who monitor BSX, the consensus analyst rating on Boston Scientific is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest BSX Analyst Ratings
Steven Lichtman, a top 26% analyst from Oppenheimer maintains BSX with a hold rating and raises their BSX price target from $58.00 to $68.00, on Feb 1, 2024.
Anthony Petrone, a top 15% analyst from Mizuho upgrades BSX to a strong buy rating and announces their BSX price target of $80.00, on Feb 1, 2024.
Robbie Marcus, a top 17% analyst from JP Morgan maintains BSX with a strong buy rating and raises their BSX price target from $60.00 to $72.00, on Feb 1, 2024.
Jayson Bedford, a top 15% analyst from Raymond James maintains BSX with a strong buy rating and raises their BSX price target from $67.00 to $73.00, on Feb 1, 2024.
Larry Biegelsen, a top 12% analyst from Wells Fargo maintains BSX with a strong buy rating and raises their BSX price target from $70.00 to $72.00, on Feb 1, 2024.
You can dig deeper into what analysts are forecasting on the Boston Scientific stock forecast page.
BSX Technicals
BSX Earnings
Last year, BSX earnings were $1.57B. In the past five year, BSX's earnings have grown by -2.25% per year. This was slower than the Medical Devices industry average of 9.28%.
Last year, BSX revenue was $14.24B. During the past 5 year, BSX's revenue has increased by 7.71% per year. This was slower than the Medical Devices industry average of 13.36%.
Find out more about BSX's earnings and revenue performance here.
What are BSX insiders up to?
In the last 12 months, insiders at BSX have sold more shares than they have bought.
John Bradley Sorenson, EVP Global Operations of BSX, was the latest BSX insider to sell. They sold $1,133,075.25 worth of BSX stock on Apr 1, 2024.
Dig into more about who owns BSX stock here.
Does BSX stock generate passive income?
No, Boston Scientific doesn't provide an income stream by paying out dividends.
What do other traders have to say about BSX?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your BSX trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you want additional info about buying stocks on eToro, click the how to video below:
Step 6: Monitor your BSX investment
Now that you own some BSX stock, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to get notified of the latest news about your BSX stock.
BSX Feed
How to Buy Stock in Boston Scientific
To summarize, here are the 6 steps you need to take to buy Boston Scientific stock right now:
- Choose where to buy Boston Scientific stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Evaluate Boston Scientific stock
- Execute your BSX trade
- Monitor your BSX investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Boston Scientific, click the button below.
Other Articles You Might Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.