Morgan Stanley lifts Baxter International Inc. [BAX] price estimate. Who else is bullish?

Baxter International Inc. [NYSE: BAX] traded at a high on 01/31/23, posting a 1.22 gain after which it closed the day’ session at $45.69. The company report on January 11, 2023 that Baxter to Host Fourth-Quarter 2022 Financial Results Conference Call for Investors.

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Baxter International Inc. (NYSE:BAX), a global medtech leader, will host a conference call to discuss its fourth-quarter 2022 financial results on Thursday, February 9, 2023 at 7:30 a.m. Central Time. To participate in this conference call please follow this link to pre-register for the call and receive the call information.

This call is also being webcast and can be accessed through Baxter’s website at The conference call will be recorded by Baxter and is copyrighted material. It cannot be recorded or rebroadcast without Baxter’s permission.

The results of the trading session contributed to over 5078754 shares changing hands. Over the past one week, the price volatility of Baxter International Inc. stands at 2.22% while the volatility over the past one month is 2.57%.

The market cap for BAX stock reached $23.11 billion, with 504.00 million shares outstanding and 503.13 million shares in the current float. Compared to the average trading volume of 5.27M shares, BAX reached a trading volume of 5078754 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $58.94 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 2.50. 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.

Morgan Stanley have made an estimate for Baxter International Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 06, 2023. The new note on the price target was released on January 05, 2023, representing the official price target for Baxter International Inc. stock. Previously, the target price had yet another drop from $66 to $55, while BofA Securities kept a Neutral rating on BAX stock. On December 19, 2022, analysts decreased their price target for BAX shares from 68 to 55.

The Average True Range (ATR) for Baxter International Inc. is set at 1.23, with the Price to Sales ratio for BAX stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 4.16, with the Price to Cash per share for the same quarter was set at 3.16. Price to Free Cash Flow for BAX in the course of the last twelve months was 125.62 with Quick ratio for the last quarter at 1.40.

How has BAX stock performed recently?

Baxter International Inc. [BAX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.74. With this latest performance, BAX shares dropped by -10.62% in over the last four-week period, additionally sinking by -22.12% over the last 6 months – not to mention a drop of -46.43% 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 42.00, with the RSI for the last a single of trading hit 45.66, and the three-weeks RSI is set at 40.88 for Baxter International Inc. [BAX]. The present Moving Average for the last 50 days of trading for this stock 50.07, while it was recorded at 45.83 for the last single week of trading, and 59.80 for the last 200 days.

Baxter International Inc. [BAX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Baxter International Inc. [BAX] shares currently have an operating margin of +16.29 and a Gross Margin at +40.83. Baxter International Inc.’s Net Margin is presently recorded at +10.04.

Return on Equity for this stock inclined to 14.45, with Return on Assets sitting at 4.80.

Baxter International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.10.

Earnings analysis for Baxter International Inc. [BAX]

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 3.29%.

Insider trade positions for Baxter International Inc. [BAX]

There are presently around $19,708 million, or 89.50% 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 58,992,617, which is approximately -4.677% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 43,399,216 shares of the stock with an approximate value of $1.98 billion in BAX stocks shares; and VANGUARD GROUP INC, currently with $1.88 billion in BAX stock with ownership of nearly 1.074% of the company’s market capitalization.

Positions in Baxter International Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 404 institutional holders increased their position in Baxter International Inc. [NYSE:BAX] by around 41,256,572 shares. Additionally, 515 investors decreased positions by around 34,182,554 shares, while 215 investors held positions by with 355,898,200 shares. The mentioned changes placed institutional holdings at 431,337,326 shares, according to the latest SEC report filing. BAX stock had 75 new institutional investments in for a total of 8,173,492 shares, while 139 institutional investors sold positions of 6,958,914 shares during the same period.


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