Baxter International Inc. (NYSE: BAX) is 0.41% higher on its value in year-to-date trading and has touched a low of $31.01 and a high of $44.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BAX stock was last observed hovering at around $37.53 in the last trading session, with the day’s gains setting it 1.29%.
Currently trading at $38.82, the stock is 5.20% and 8.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.38 million and changing 3.44% at the moment leaves the stock 2.65% off its SMA200. BAX registered -0.44% loss for a year compared to 6-month loss of -9.70%.
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The stock witnessed a 5.15% gain in the last 1 month and extending the period to 3 months gives it a 16.96%, and is 2.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.70% over the week and 2.36% over the month.
Baxter International Inc. (BAX) has around 60000 employees, a market worth around $19.81B and $15.00B in sales. Fwd P/E is 12.55. Profit margin for the company is -2.71%. Distance from 52-week low is 25.19% and -11.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.19%).
The EPS is expected to grow by 14.16% this year
1227.0 institutions hold shares in Baxter International Inc. (BAX), with institutional investors hold 92.18% of the company’s shares. The shares outstanding are 507.63M, and float is at 506.26M with Short Float at 1.73%. Institutions hold 91.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 63.03 million shares valued at $2.11 billion. The investor’s holdings represent 12.4084 of the BAX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 59.96 million shares valued at $2.01 billion to account for 11.8032 of the shares outstanding. The other top investors are PZENA INVESTMENT MANAGEMENT LLC which holds 30.82 million shares representing 6.0675 and valued at over $1.03 billion, while DODGE & COX holds 5.4179 of the shares totaling 27.52 million with a market value of $920.64 million.
Baxter International Inc. (BAX) Insider Activity
The most recent transaction is an insider sale by Mason Jeanne K, the company’s EVP, Chief HR Officer. SEC filings show that Mason Jeanne K sold 64,488 shares of the company’s common stock on Mar 01 ’24 at a price of $40.61 per share for a total of $2.62 million. Following the sale, the insider now owns 0.14 million shares.
