Baxter International Inc. [NYSE: BAX] loss -6.55% on the last trading session, reaching $34.51 price per share at the time.
If compared to the average trading volume of 4.90M shares, BAX reached a trading volume of 9718967 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $42.08 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 2.59. 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 Underweight, with their previous recommendation back on July 15, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on May 30, 2024, representing the official price target for Baxter International Inc. stock. Previously, the target price had yet another raise to $40, while TD Cowen analysts kept a Hold rating on BAX stock.
The Average True Range (ATR) for Baxter International Inc. is set at 1.17, with the Price to Sales ratio for BAX stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 4.11. Price to Free Cash Flow for BAX in the course of the last twelve months was 33.99 with Quick ratio for the last quarter at 0.91.
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 -6.53. With this latest performance, BAX shares gained by 1.59% in over the last four-week period, additionally sinking by -14.39% over the last 6 months – not to mention a drop of -20.19% 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 43.56, with the RSI for the last a single of trading hit 38.62, and the three-weeks RSI is set at 45.67 for Baxter International Inc. [BAX]. The present Moving Average for the last 50 days of trading for this stock 34.62, while it was recorded at 36.52 for the last single week of trading, and 37.55 for the last 200 days.
Baxter International Inc. [BAX]: A deeper dive into fundamental analysis
Baxter International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 1.40.
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 10.60%.
An analysis of Institutional ownership at Baxter International Inc. [BAX]
The top three institutional holders of BAX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BAX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BAX stock with ownership which is approximately 5.1238%.
