Baxter International Inc (NYSE: BAX) is 19.55% higher on its value in year-to-date trading and has touched a low of $28.33 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 $34.51 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $34.86, the stock is 7.41% and 11.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing 1.01% at the moment leaves the stock 1.57% off its SMA200. BAX registered -16.12% loss for a year compared to 6-month loss of -7.83%.
The stock witnessed a 5.32% gain in the last 1 month and extending the period to 3 months gives it a 6.05%, and is -0.63% 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 3.05% over the week and 2.49% over the month.
Baxter International Inc (BAX) has around 38000 employees, a market worth around $17.84B and $12.86B in sales. Fwd P/E is 12.78. Profit margin for the company is -5.05%. Distance from 52-week low is 23.03% and -20.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.69%).
with sales reaching $2.59B over the same period.The EPS is expected to grow by 31.10% this year, but quarterly earnings will post 5.37% year-over-year. Quarterly sales are estimated to shrink -27.96% in year-over-year returns.
Baxter International Inc (BAX) Top Institutional Holders
The shares outstanding are 510.93M, and float is at 507.52M with Short Float at 3.51%.
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 6.0437% and valued at over $1.03 billion, while DODGE & COX holds 5.3966 of the shares totaling 27.52 million with a market value of $920.64 million.
Baxter International Inc (BAX) Insider Activity
A total of 0 insider transactions have happened at Baxter International Inc (BAX) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Baxter International Inc (BAX): Who are the competitors?
The company’s main competitors (and peers) include Medtronic PLC (MDT) that is trading 10.86% up over the past 12 months. Stryker Corp. (SYK) that is 10.97% higher over the same period.
