Baxter International Inc. (BAX) Volatility Spurs A Quest For Clarity

Currently, there are 507.63M common shares owned by the public and among those 507.34M shares have been available to trade.

The company’s stock has a 5-day price change of -3.27% and -23.44% over the past three months. BAX shares are trading -15.03% year to date (YTD), with the 12-month market performance down to -27.90% lower. It has a 12-month low price of $31.01 and touched a high of $50.21 over the same period. BAX has an average intraday trading volume of 4.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.18%, -7.30%, and -12.65% respectively.

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Institutional ownership of Baxter International Inc. (NYSE: BAX) shares accounts for 90.95% of the company’s 507.63M shares outstanding.

It has a market capitalization of $16.74B and a beta (3y monthly) value of 0.57. The earnings-per-share (ttm) stands at -$0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.02% over the week and 1.80% over the month.

Earnings per share for the fiscal year are expected to increase by 12.16%, and 9.54% over the next financial year.

Looking at the support for the BAX, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on May 30, 2024, with the firm’s price target at $36. TD Cowen coverage for the Baxter International Inc. (BAX) stock in a research note released on May 10, 2024 offered a Hold rating with a price target of $40. Morgan Stanley was of a view on May 30, 2023 that the stock is Equal-Weight, while UBS gave the stock Neutral rating on March 29, 2023, issuing a price target of $43. Morgan Stanley on their part issued Equal-Weight rating on January 06, 2023.

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