Analysts Update Their Price Forecasts For Baxter International Inc. (BAX)

Baxter International Inc. (BAX) concluded trading on Thursday at a closing price of $39.65, with 2.31 million shares of worth about $91.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.53% during that period and on April 18, 2024 the price saw a gain of about 0.33%. Currently the company’s common shares owned by public are about 507.63M shares, out of which, 504.47M shares are available for trading.

Stock saw a price change of -5.86% in past 5 days and over the past one month there was a price change of -5.48%. Year-to-date (YTD), BAX shares are showing a performance of 2.56% which decreased to -7.40% 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 3.58 million. The stock is currently trading -5.39% below its 20-day simple moving average (SMA20), while that difference is down -4.97% for SMA50 and it goes to -0.08% lower than SMA200.

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Baxter International Inc. (NYSE: BAX) currently have 507.63M outstanding shares and institutions hold larger chunk of about 91.55% of that.

The stock has a current market capitalization of $20.14B and its 3Y-monthly beta is at 0.64. 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 2.14% while standing at 1.92% over the month.

Analysts are in expectations that Baxter International Inc. (BAX) stock would likely to be making an EPS of $Bank of America Corporation in the current quarter, while forecast for next quarter EPS is $35.77 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Blackstone Inc. which is $Boston Scientific Corporation 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 $Becton, Dickinson and Company in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.56% while it is estimated to increase by 10.67% 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.

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