Baxter International Inc (NYSE: BAX) is -15.61% 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 $29.7 in the last trading session, with the day’s loss setting it -1.0%.
Currently trading at $28.7, the stock is -5.41% and -6.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.79 million and changing -3.37% at the moment leaves the stock -11.29% off its SMA200. BAX registered -1.58% loss for a year compared to 6-month gain of -2.97%. The firm has a 50-day simple moving average (SMA 50) of $30.5794 and a 200-day simple moving average (SMA200) of $32.35125.
The stock witnessed a -9.52% loss in the last 1 month and extending the period to 3 months gives it a -6.67%, and is -7.45% 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 4.42% over the week and 2.74% over the month.
Baxter International Inc (BAX) has around 38000 employees, a market worth around $14.73B and $11.89B in sales. Fwd P/E is 10.53. Profit margin for the company is -4.71%. Distance from 52-week low is 9.33% and -29.12% 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 33.29% this year.
Baxter International Inc (BAX) Top Institutional Holders
1172.0 institutions hold shares in Baxter International Inc (BAX), with institutional investors hold 98.67% of the company’s shares. The shares outstanding are 513.08M, and float is at 508.69M with Short Float at 3.37%. Institutions hold 98.39% 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.
