Baxter International Inc (NYSE: BAX) is -18.00% lower on its value in year-to-date trading and has touched a low of $32.48 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 $32.63 in the last trading session, with the day’s loss setting it -0.93%.
Currently trading at $31.70, the stock is -10.67% and -14.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.66 million and changing -2.85% at the moment leaves the stock -15.67% off its SMA200. BAX registered -7.71% loss for a year compared to 6-month gain of -9.87%. The firm has a 50-day simple moving average (SMA 50) of $36.9922 and a 200-day simple moving average (SMA200) of $37.5885.
The stock witnessed a -13.76% loss in the last 1 month and extending the period to 3 months gives it a -12.24%, and is -12.04% 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 3.54% over the week and 2.20% over the month.
Baxter International Inc (BAX) has around 60000 employees, a market worth around $16.19B and $13.99B in sales. Current P/E ratio is 138.25 and Fwd P/E is 11.87. Profit margin for the company is 0.83%. Distance from 52-week low is -2.40% and -27.96% from its 52-week high. The company has generated returns on investments over the last 12 months (0.62%).
The EPS is expected to shrink by -16.10% this year
1236.0 institutions hold shares in Baxter International Inc (BAX), with institutional investors hold 97.02% of the company’s shares. The shares outstanding are 507.63M, and float is at 506.36M with Short Float at 2.27%. Institutions hold 96.66% 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
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).
