Baxter International Inc [NYSE: BAX] stock went on an upward path that rose over 3.32% on Monday, amounting to a one-week price decrease of less than -3.51%.
Over the last 12 months, BAX stock dropped by -6.85%. The one-year Baxter International Inc stock forecast points to a potential upside of 14.46. The average equity rating for BAX stock is currently 2.62, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $17.00 billion, with 507.63 million shares outstanding and 506.52 million shares in the current float. Compared to the average trading volume of 3.54M shares, BAX stock reached a trading volume of 7003950 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $38.60 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 2.62. 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 0.94, with the Price to Sales ratio for BAX stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 2.76. Price to Free Cash Flow for BAX in the course of the last twelve months was 30.46 with Quick ratio for the last quarter at 1.09.
BAX Stock Performance Analysis:
Baxter International Inc [BAX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.51. With this latest performance, BAX shares dropped by -10.42% in over the last four-week period, additionally sinking by -5.71% over the last 6 months – not to mention a drop of -6.85% 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 33.79, with the RSI for the last a single of trading hit 34.05, and the three-weeks RSI is set at 35.71 for Baxter International Inc [BAX]. The present Moving Average for the last 50 days of trading for this stock 36.73, while it was recorded at 32.63 for the last single week of trading, and 37.52 for the last 200 days.
Insight into Baxter International Inc Fundamentals:
Baxter International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.43.
BAX Stock EPS
With the latest financial reports released by the company, Baxter International Inc posted 0.88/share EPS, while the average EPS was predicted by analysts to be reported at 0.86/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 -0.37%.
Baxter International Inc [BAX] Institutonal Ownership Details
There are presently around $94.44%, or 94.80%% of BAX stock, in the hands of institutional investors. The top three institutional holders of BAX stocks are: BLACKROCK INC. with ownership of 63.03 million shares, which is approximately 12.4084%. VANGUARD GROUP INC, holding 59.96 million shares of the stock with an approximate value of $$2.01 billion in BAX stocks shares; and VANGUARD GROUP INC, currently with $$1.03 billion in BAX stock with ownership which is approximately 6.0675%.
