Baxter International Inc (NYSE: BAX) is -7.22% lower on its value in year-to-date trading and has touched a low of $32.22 and a high of $44.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BAX stock was last observed hovering at around $35.70 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $35.87, the stock is -1.71% and -4.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing 0.48% at the moment leaves the stock -5.04% off its SMA200. BAX registered 9.39% gain for a year compared to 6-month loss of -2.76%. The firm has a 50-day simple moving average (SMA 50) of $37.6008 and a 200-day simple moving average (SMA200) of $37.7725.
The stock witnessed a 2.25% gain in the last 1 month and extending the period to 3 months gives it a 3.55%, and is -0.28% down 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 1.40% over the week and 2.11% over the month.
Baxter International Inc (BAX) has around 60000 employees, a market worth around $18.39B and $15.00B in sales. Fwd P/E is 11.88. Profit margin for the company is -2.71%. Distance from 52-week low is 11.33% and -18.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.19%).
with sales reaching $3.85B over the same period.The EPS is expected to grow by 13.34% this year, but quarterly earnings will post 2.80% year-over-year.
Baxter International Inc (BAX) Top Institutional Holders
1217.0 institutions hold shares in Baxter International Inc (BAX), with institutional investors hold 93.00% of the company’s shares. The shares outstanding are 507.63M, and float is at 506.36M with Short Float at 2.53%. Institutions hold 92.65% 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).
