A share price of Baxter International Inc [BAX] is currently trading at $30.50, up 3.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAX shares have gain 3.39% over the last week, with a monthly amount drifted -2.99%, and not seem to be holding up well over a long-time horizon.
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 $28.33 and $44.01. Currently, Wall Street analysts expect the stock to reach $39.75 within the next 12 months. Baxter International Inc [NYSE: BAX] shares were valued at $30.50 at the most recent close of the market. An investor can expect a potential return of 30.33% based on the average BAX price forecast.
Analyzing the BAX fundamentals
Trailing Twelve Months sales for Baxter International Inc [NYSE:BAX] were 13.99B which represents -27.21% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.64.
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 29.52 points at the first support level, and at 28.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.21, and for the 2nd resistance point, it is at 31.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Baxter International Inc [NYSE:BAX] is 1.43. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 133.01.
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.
