Baxter International Inc (NYSE: BAX) is -10.03% lower on its value in year-to-date trading and has touched a low of $26.25 and a high of $40.49 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 $29.99 in the last trading session, with the day’s loss setting it -25.85%.
Currently trading at $4.14M, the stock is 0.34% and 0.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.91 million and changing 3914675% at the moment leaves the stock -6.99% off its SMA200. BAX registered 4.90% gain for a year compared to 6-month gain of 5.81%. The firm has a 50-day simple moving average (SMA 50) of $30.2978 and a 200-day simple moving average (SMA200) of $32.8891.
The stock witnessed a 1.06% loss in the last 1 month and extending the period to 3 months gives it a -8.96%, and is -0.75% 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 1.04% over the week and 1.67% over the month.
Baxter International Inc (BAX) has around 38000 employees, a market worth around $15.70B and $11.89B in sales. Fwd P/E is 11.23. Profit margin for the company is -4.71%. Distance from 52-week low is 16.53% and -24.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.35%).
The EPS is expected to grow by 33.04% this year.
Baxter International Inc (BAX) Top Institutional Holders
1181.0 institutions hold shares in Baxter International Inc (BAX), with institutional investors hold 98.69% of the company’s shares. The shares outstanding are 513.08M, and float is at 508.69M with Short Float at 3.08%. Institutions hold 98.41% 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 12.3598% 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 11.7569 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.
