Baxter International Inc [BAX] stock prices are up 0.34% to $32.63 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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.
The stock price of Baxter International Inc [BAX] has been fluctuating between $31.60 and $44.01 over the past year. Currently, Wall Street analysts expect the stock to reach $60.38 within the next 12 months. Baxter International Inc [NYSE: BAX] shares were valued at $32.63 at the most recent close of the market. An investor can expect a potential return of 85.04% based on the average BAX price forecast.
Analyzing the BAX fundamentals
The Baxter International Inc [NYSE:BAX] reported sales of 13.99B for trailing twelve months, representing a drop of -27.21%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 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 32.03 points at the first support level, and at 31.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.95, and for the 2nd resistance point, it is at 33.27.
Ratios To Look Out For
It’s worth pointing out that Baxter International Inc [NYSE:BAX]’s Current Ratio is 1.43. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 2.12 and price to earnings (TTM) ratio is 142.30.
Transactions by insiders
Recent insider trading involved Stevens Brian, Officer, that happened on Sep 16 ’24 when 976.0 shares were purchased. Officer, Stevens Brian completed a deal on Sep 13 ’24 to buy 16063.0 shares. Meanwhile, EVP, Chief HR Officer Mason Jeanne K sold 64488.0 shares on Mar 01 ’24.
