HELLMAN PETER S Acquires Baxter International Inc. (BAX) Shares


Baxter International Inc. (NYSE:BAX) finished Thursday with a subtraction of -$0.24 to close at $55.13, a downside of -0.42 percent. An average of 1,940,482 shares of common stock have been traded in the last five days. There was a fall of -$2.90 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 2,931,330 shares traded, while the 50-day average volume stands at 3,094,370.

BAX stock has decreased by -5.61% in the last month. The company shares reached their 1-month lowest point of $54.45 on 09/06/22. With the stock rallying to its 52-week high on 02/09/22, shares of the company touched a low of $54.45 and a high of $89.70 in 52 weeks. It has reached a new high 4 times so far this year and lost -35.50% or -$30.56 in price. In spite of this, the price is down -38.53% from the 52-week high.

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Insider Transactions

171 days have passed since Baxter International Inc. (BAX) last reported insider trading activity. HELLMAN PETER S, who is Director, most recently acquired $4,020 shares at $76.02 per share on Apr 05. In this transaction, the insider spent $305,593. Director, STROUCKEN ALBERT P L, disposed of 4,020 shares at a price of $76.02 on Apr 05. The insider now owns more than $305,612 worth of shares. Prior to that, Director FORSYTH JOHN D went on to Sale 1,005 shares at $77.68 each on Apr 01. An amount of $78,068 was transacted.

Valuation Metrics

Baxter International Inc. (BAX) has a trailing price-to-earnings (P/E) ratio of 27.74. The stock’s beta is 0.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.99, the price-to-book (PB) ratio at 3.15, and the price-to-cash flow ratio at 50.20.

The company has a payout ratio of 56.00%. The company’s most recent quarterly dividend payment was $0.29 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday May 3 2022.

Financial Health

The quick ratio of Baxter International Inc. for the three months ended June 29 was 1.30, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.84 and a total debt to equity ratio of 1.88 for the quarter ending June 29. Its gross profit as reported stood at $5.11 billion compared to revenue of $12.78 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Baxter International Inc.’s return on assets was 3.40%.

Earnings Surprise

The analyst consensus anticipated Baxter International Inc.’s latest quarter earnings to come in at $0.87 per share, but it turned out to be $0.87, a 0.00% surprise. For the quarter, EBITDA amounted to $695.0 million. Shareholders own equity worth $503.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Baxter International Inc. (BAX) price momentum. RSI 9-day as of the close on 22 September was 32.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.71%.

As of today, BAX’s price is $56.23 -4.98% or -$2.90 from its 5-day moving average. BAX is currently trading -7.74% lower than its 20-day SMA and -21.71% lower than its 100-day SMA. However, the stock’s current price level is -12.84% below the SMA50 and -30.80% below the SMA200.

The stochastic %K and %D were 15.51% and 26.11%, respectively, and the average true range (ATR) was 1.46. With the 14-day stochastic at 13.94% and the average true range at 1.50, the RSI (14) stands at 36.70%. The stock has reached -1.91 on the 9-day MACD Oscillator while the 14-day reading was at -2.26.

Analyst Ratings

Wells Fargo downgraded Baxter International Inc. (NYSE: BAX) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Baxter International Inc. (BAX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BAX, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.

What is BAX’s price target for the next 12 months?

Analysts predict a range of price targets between $60.00 and $77.00, with a median target of $68.50. Taking a look at these predictions, the average price target given by analysts for Baxter International Inc. (BAX) stock is $68.67.


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