At the time of writing, Baxter International Inc. [BAX] stock is trading at $36.92, up 6.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAX shares have gain 2.81% over the last week, with a monthly amount glided 9.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Baxter International Inc. [NYSE: BAX] stock has seen the most recent analyst activity on July 15, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $30 from $39. Previously, Goldman started tracking the stock with Neutral rating on May 30, 2024, and set its price target to $36. On May 10, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $40 on the stock. UBS initiated its recommendation with a Neutral and recommended $43 as its price target on March 29, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on January 06, 2023, but kept the price target unchanged to $55. In a note dated January 05, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Baxter International Inc. fluctuated between $31.01 and $44.31. Currently, Wall Street analysts expect the stock to reach $64.62 within the next 12 months. Baxter International Inc. [NYSE: BAX] shares were valued at $36.92 at the most recent close of the market. An investor can expect a potential return of 75.03% based on the average BAX price forecast.
Analyzing the BAX fundamentals
According to Baxter International Inc. [NYSE:BAX], the company’s sales were 14.89B for trailing twelve months, which represents an -1.56% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.35 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.69 points at the first support level, and at 32.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.40, and for the 2nd resistance point, it is at 39.89.
Ratios To Look Out For
It is important to note that Baxter International Inc. [NYSE:BAX] has a current ratio of 1.48. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 2.30.
Transactions by insiders
Recent insider trading involved Mason Jeanne K, EVP, Chief HR Officer, that happened on Mar 01 ’24 when 64488.0 shares were sold.
