Reflections On The Current State Of Boston Scientific Corporation (BSX), RPM International Inc. (RPM)

You should consider shares of Boston Scientific Corporation (NYSE:BSX) and RPM International Inc. (NYSE:RPM) if you are looking for a great stocks to invest in. Starting with the BSX shares, which traded at $42.83 at the close of the recent session, dropping -0.05%. On Tuesday, the company’s shares shed -$0.02 from its value which represented in intraday trading. The stock is now 22.34% higher in year-to-date (YTD) trading. BSX’s intraday high was $42.88 while its lowest price touched $42.60. The stock’s 52-week high price is $43.84, which means the current price is at -2.30%. In terms of trading activity, the daily trading volume fell to 5820630 against 200-day average trading volume of 7,101,568 shares.

What are analyst forecasts for Boston Scientific Corporation (NYSE:BSX)?

At a consensus rating of 4.87, BSX is trending as a streaking Strong Buy, as it has been the case a month ago when 16 analysts called it a Strong Buy. Two months ago, 16 analysts recommended, on average, that BSX stock is a Strong Buy. The Healthcare company’s shares’ overall bearish trend saw it close lower on Tuesday compared to its opening price of $42.86 on the day.

Forecasts for Boston Scientific Corporation (NYSE:BSX) give the stock a fair value for the growth of 10.77% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $48.00, which means the price per share could rise by nearly $5.17. The price range target is between a low of $45.00 and a high of $53.00. The stock would need to gain by about $19.19 to hit the estimated high or 0.74% from its 12-month low.

The consensus among 23 analysts is that it is a good time for one to Buy in the Boston Scientific Corporation. 20 analysts rate BSX as a Buy, with 0 of 23 analysts rate it as a Sell. 1 have valued the stock as Overweight and 1 have recommended that investors Hold.

Boston Scientific Corporation (NYSE:BSX) Upgrades and Downgrades

In terms of rating changes, JP Morgan on September 05, 2019, Resumed Boston Scientific Corporation (BSX) at Overweight. They believe the stock could reach $50 in the near term. Analysts at Barclays have assigned a Overweight rating for the stock in their research note on September 03, 2019 with an estimated price target of $48. Moreover, Evercore ISI analysts issued a rating of Outperform for the stock on May 13, 2019. On November 28, 2018, the stock earned a Buy rating due to an analyst call from UBS, while analysts from Barclays on October 16, 2018 suggested that the stock is Overweight.

RPM International Inc. (NYSE:RPM) adds $0.73 on Tuesday

The RPM stock has risen 26.76% year-to-date and is currently trading at $74.51, which is -1.81% below its 52-week high. The company shares gained 0.99% on the day and have risen nearly 43.43% off a low hit. At current levels, RPM International Inc. has a valuation of about $5.58B. As of 11/26/19, this stock has risen 0.73% during the week and closed at $73.78 in the previous session. However, recent RPM International Inc. stock performance shows that RPM shares are 3.37% up over the last month, and 12.15% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.67, with the trailing 12-month share earnings at $2.23. The ratio is expected to be up by 26.70% for the current year 2019 and 22.30% for next year. Over the next 5-year period, earnings per share will be 14.70%. But will the RPM stock surprise in the current quarter results, where the $0.95 actual EPS reported on 8/30/2019 surprised by 3.30% or was higher by $0.03 from the estimated $0.92.

Sales Growth to climb 3.50% for the year

How well will RPM International Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.38B and $1.43B in current quarter sales. The consensus estimated for the current quarter is $1.4B from sales. Forecasts for this fiscal year are between $5.66B and $5.74B and the consensus estimate for sales is at $5.7B.

Who owns shares in RPM International Inc. (RPM)?

Let’s briefly focus on the share ownership of the RPM International Inc. (NYSE:RPM) stock, where we find that 79.64% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 13.49 million shares or 10.40% of shares outstanding. Price (T.Rowe) Associates Inc and Blackrock Inc. held 13.22 million and 11.56 million representing 10.19% and 8.91% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 6.04 million shares at over 415.36 million. This represented 4.65% of shares outstanding. Atlanta Capital Management Company LLC held 3.28 million shares at over 225.99 million representing 2.53% of shares outstanding.

RPM Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at RPM International Inc. (RPM), a total of 19227 shares have been sold by insiders over the last 6 months while 137003 shares were added in the same time span. On 10/04/2019, General Counsel & Senior Vice President by the name Moore Edward Winslow sold 33992.0 shares worth $2.3 million at the price of $68.51 per share. Filings also show that Sullivan Frank C sold a total of 21439.0 shares on 7/25/2019 valued at $1.4 million. Since the last insider activity, the company’s share price has climbed 11.03%.