Baxter International Inc. (NYSE: BAX) is 0.65% 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 $38.71 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $38.91, the stock is 0.05% and 4.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing 0.52% at the moment leaves the stock 2.23% off its SMA200. BAX registered 4.23% gain for a year compared to 6-month loss of -8.96%. The firm has a 50-day simple moving average (SMA 50) of $37.3178 and a 200-day simple moving average (SMA200) of $38.07475.
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The stock witnessed a 2.88% gain in the last 1 month and extending the period to 3 months gives it a 16.32%, and is 1.09% 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 2.07% over the week and 2.23% over the month.
Baxter International Inc. (BAX) has around 60000 employees, a market worth around $19.85B and $15.00B in sales. Fwd P/E is 12.35. Profit margin for the company is -2.71%. Distance from 52-week low is 25.48% and -11.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.19%).
with sales reaching $3.84B over the same period.The EPS is expected to grow by 14.17% this year, but quarterly earnings will post 2.80% year-over-year.
Baxter International Inc. (BAX) Top Institutional Holders
1228.0 institutions hold shares in Baxter International Inc. (BAX), with institutional investors hold 92.20% of the company’s shares. The shares outstanding are 507.63M, and float is at 506.32M with Short Float at 2.61%. Institutions hold 91.85% 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
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Still, SEC filings show that on Mar 01 ’24, Mason Jeanne K (EVP, Chief HR Officer) disposed off 64,488 shares at an average price of $40.61 for $2.62 million. The insider now directly holds 142,290 shares of Baxter International Inc. (BAX).