why Baxter International Inc. [BAX] is a Good Choice for Investors After New Price Target of $94.00

Baxter International Inc. [NYSE: BAX] loss -0.84% on the last trading session, reaching $81.07 price per share at the time. The company report on June 29, 2021 that Baxter Announces $1.2 Million in New Scholarships and Grant Funding to Support Students Pursuing Health and Sciences at Historically Black Colleges and Universities in the United States.

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Funding to reach students at Meharry Medical College, Morehouse School of Medicine and Tennessee State University.

New scholarships are part of Baxter’s Activating Change initiative to advance inclusion and racial justice.

Baxter International Inc. represents 505.00 million in outstanding shares, while the company has a total market value of $40.62 billion with the latest information. BAX stock price has been found in the range of $80.22 to $81.72.

If compared to the average trading volume of 2.59M shares, BAX reached a trading volume of 3286058 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Baxter International Inc. [BAX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAX shares is $94.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BAX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Baxter International Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 25, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $100 to $80. The new note on the price target was released on January 29, 2021, representing the official price target for Baxter International Inc. stock. Previously, the target price had yet another drop from $95 to $85, while UBS kept a Neutral rating on BAX stock. On December 15, 2020, analysts decreased their price target for BAX shares from 96 to 85.

The Average True Range (ATR) for Baxter International Inc. is set at 1.16, with the Price to Sales ratio for BAX stock in the period of the last 12 months amounting to 3.44. The Price to Book ratio for the last quarter was 4.84, with the Price to Cash per share for the same quarter was set at 6.35. Price to Free Cash Flow for BAX in the course of the last twelve months was 52.21 with Quick ratio for the last quarter at 1.80.

Trading performance analysis for BAX stock

Baxter International Inc. [BAX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.71. With this latest performance, BAX shares dropped by -1.43% in over the last four-week period, additionally plugging by 1.19% over the last 6 months – not to mention a drop of -7.99% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BAX stock in for the last two-week period is set at 44.80, with the RSI for the last a single of trading hit 44.72, and the three-weeks RSI is set at 45.17 for Baxter International Inc. [BAX]. The present Moving Average for the last 50 days of trading for this stock 83.12, while it was recorded at 81.33 for the last single week of trading, and 80.80 for the last 200 days.

Baxter International Inc. [BAX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Baxter International Inc. [BAX] shares currently have an operating margin of +15.57 and a Gross Margin at +40.06. Baxter International Inc.’s Net Margin is presently recorded at +9.44.

Return on Total Capital for BAX is now 12.37, given the latest momentum, and Return on Invested Capital for the company is 7.82. Return on Equity for this stock inclined to 13.30, with Return on Assets sitting at 5.77. When it comes to the capital structure of this company, Baxter International Inc. [BAX] has a Total Debt to Total Equity ratio set at 78.31. Additionally, BAX Total Debt to Total Capital is recorded at 43.92, with Total Debt to Total Assets ending up at 33.99. Long-Term Debt to Equity for the company is recorded at 72.36, with the Long-Term Debt to Total Capital now at 40.58.

Reflecting on the efficiency of the workforce at the company, Baxter International Inc. [BAX] managed to generate an average of $22,040 per employee. Receivables Turnover for the company is 5.88 with a Total Asset Turnover recorded at a value of 0.61.Baxter International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.50.

Baxter International Inc. [BAX]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BAX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baxter International Inc. go to 11.47%.

An analysis of insider ownership at Baxter International Inc. [BAX]

There are presently around $35,277 million, or 88.60% of BAX stock, in the hands of institutional investors. The top three institutional holders of BAX stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 51,106,228, which is approximately 23.547% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 40,212,472 shares of the stock with an approximate value of $3.26 billion in BAX stocks shares; and VANGUARD GROUP INC, currently with $3.17 billion in BAX stock with ownership of nearly -0.232% of the company’s market capitalization.

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Positions in Baxter International Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 400 institutional holders increased their position in Baxter International Inc. [NYSE:BAX] by around 30,586,095 shares. Additionally, 516 investors decreased positions by around 24,228,222 shares, while 258 investors held positions by with 380,326,014 shares. The mentioned changes placed institutional holdings at 435,140,331 shares, according to the latest SEC report filing. BAX stock had 77 new institutional investments in for a total of 1,828,463 shares, while 92 institutional investors sold positions of 1,442,567 shares during the same period.

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