Boston Scientific Corp. (NYSE:BSX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.45 and last traded at $24.30, with a volume of 6,621,862 shares trading hands. The stock had previously closed at $23.75.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Boston Scientific Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Evercore ISI boosted their price target on shares of Boston Scientific Corp. from $21.50 to $23.50 and gave the company a “buy” rating in a research note on Wednesday, April 27th. Wedbush upped their target price on shares of Boston Scientific Corp. from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, April 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Boston Scientific Corp. in a research note on Sunday. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $26.00 target price on shares of Boston Scientific Corp. in a research note on Wednesday, May 25th. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.49.

The stock’s market capitalization is $32.96 billion. The company has a 50-day moving average price of $23.08 and a 200 day moving average price of $20.00.

Boston Scientific Corp. (NYSE:BSX) last posted its earnings results on Wednesday, April 27th. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company earned $1.96 billion during the quarter, compared to analyst estimates of $1.91 billion. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts expect that Boston Scientific Corp. will post $1.09 earnings per share for the current year.

In related news, CEO Michael F. Mahoney sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $22.12, for a total value of $2,212,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,632,577 shares in the company, valued at approximately $36,112,603.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Pratt sold 24,229 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $22.66, for a total value of $549,029.14. Following the completion of the sale, the executive vice president now owns 301,724 shares of the company’s stock, valued at $6,837,065.84. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Boston Scientific Corp. by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 57,502 shares of the company’s stock valued at $1,061,000 after buying an additional 3,945 shares during the period. Suntrust Banks Inc. acquired a new position in shares of Boston Scientific Corp. during the fourth quarter worth approximately $1,438,000. Tredje AP fonden raised its position in shares of Boston Scientific Corp. by 1.3% in the fourth quarter. Tredje AP fonden now owns 86,021 shares of the company’s stock worth $1,586,000 after buying an additional 1,138 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Boston Scientific Corp. by 101.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 87,815 shares of the company’s stock worth $1,619,000 after buying an additional 44,248 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Boston Scientific Corp. by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 87,889 shares of the company’s stock worth $1,621,000 after buying an additional 1,540 shares during the period.

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