Baxter International Inc. (BAX) concluded trading on Thursady at a closing price of $42.01, with 4.12 million shares of worth about $172.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.96% during that period and on Thursady the price saw a loss of about -0.52%. Currently the company’s common shares owned by public are about 507.63M shares, out of which, 504.85M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 423,389 shares in 29 of the transactions. In 18 selling transactions, insiders dumped 16,782 shares.
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However, the stock later moved at a day high price of 42.13, or with a loss of -0.52%. Stock saw a price change of 5.98% in past 5 days and over the past one month there was a price change of 9.34%. Year-to-date (YTD), BAX shares are showing a performance of 8.67% which increased to 3.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.01 but also hit the highest price of $50.21 during that period. The average intraday trading volume for Baxter International Inc. shares is 3.79 million. The stock is currently trading 5.86% above its 20-day simple moving average (SMA20), while that difference is up 7.47% for SMA50 and it goes to 5.28% higher than SMA200.
Baxter International Inc. (NYSE: BAX) currently have 507.63M outstanding shares and institutions hold larger chunk of about 91.50% of that.
The stock has a current market capitalization of $21.33B and its 3Y-monthly beta is at 0.62. It has posted earnings per share of -$0.45 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 1.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BAX, volatility over the week remained 2.66% while standing at 2.74% over the month.
Analysts are in expectations that Baxter International Inc. (BAX) stock would likely to be making an EPS of $0.61 in the current quarter, while forecast for next quarter EPS is $0.68 and it is $3.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.59 which is $0.62 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.39% while it is estimated to increase by 10.75% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on May 30, 2023 offering an Equal-weight rating for the stock and assigned a target price of $45 to it. Coverage by UBS stated Baxter International Inc. (BAX) stock as a Neutral in their note to investors on March 29, 2023, suggesting a price target of $43 for the stock. Stock get a Neutral rating from BofA Securities on January 03, 2023.
