A share price of Baxter International Inc. [BAX] is currently trading at $39.23, up 0.69%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BAX shares have gain 3.40% over the last week, with a monthly amount glided 4.84%, 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.
Baxter International Inc. experienced fluctuations in its stock price throughout the past year between $31.01 and $44.01. 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 $39.23 at the most recent close of the market. An investor can expect a potential return of 64.72% based on the average BAX price forecast.
Analyzing the BAX fundamentals
Trailing Twelve Months sales for Baxter International Inc. [NYSE:BAX] were 15.00B which represents 2.83% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.31 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.69.
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 38.65 points at the first support level, and at 38.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.77, and for the 2nd resistance point, it is at 40.30.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Baxter International Inc. [NYSE:BAX] is 1.40. Further, the Quick Ratio stands at 0.91, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 2.62.
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.
