Baxter International Inc. (NYSE:BAX) saw an upside of 2.87% to close Monday at $45.14 after adding $1.26 on the day. The 5-day average trading volume is 8,670,520 shares of the company’s common stock. It has gained $45.58 in the past week and touched a new high 2 times within the past 5 days. An average of 5,907,665 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,582,218.
BAX’s 1-month performance is -9.59% or -$5.03 on its low of $43.25 reached on 01/20/23. The company’s shares have touched a 52-week low of $43.25 and high of $89.70, with the stock’s rally to the 52-week high happening on 01/05/23. YTD, BAX has lost -11.44% or -$5.83 and has reached a new high 3 times. However, the current price is down -49.68% from the 52-week high price.
BAX stock investors last saw insider trading activity on Jan 17.Mason Jeanne K (SVP, Human Resources) most recently sold 59,477 shares at $44.70 per share on Jan 17. This transaction cost the insider $2,658,622. Director, STROUCKEN ALBERT P L, sold 4,020 shares at a price of $76.02 on Apr 05. Then, on Apr 05, Director HELLMAN PETER S sold 4,020 shares at a price of $76.02 per share. This transaction amounted to $305,593.
BAX stock has a beta of 0.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.54 while the price-to-book (PB) in the most recent quarter is 4.11, with the price to cash flow ratio at 123.00.
Baxter International Inc.’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 2.92, while the total debt to equity was 2.97. In terms of profitability, the gross margin trailing 12 months is 36.40%. The firm’s gross profit as reported stood at $5.11 billion against revenue of $12.78 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BAX to announce $0.81 per share in earnings in its latest quarter, but it posted $0.82, representing a 1.20% surprise. EBITDA for the quarter stood at more than $652.0 million. BAX stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 22.39 billion, with total debt at $16.89 billion. Shareholders hold equity totaling $504.12 million.
Let’s look briefly at Baxter International Inc. (BAX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 38.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.65%.
The stock’s 5-day moving average is $44.28, reflecting a +0.67% or $0.30 change from its current price. BAX is currently trading -10.31% above its 20-day SMA, -20.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.26% and SMA200 by-40.99%.
Stochastic %K and %D was 9.47% and 5.33% and the average true range (ATR) pointed at 1.34. The RSI (14) points at 36.52%, while the 14-day stochastic is at 19.15% with the period’s ATR at 1.39. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -2.32 on the 14-day charts.
In the most recent analyst report for Baxter International Inc. (NYSE: BAX), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for BAX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BAX as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is BAX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $51.00 and a high of $73.00, with their median price target at $58.00. Looking at these predictions, the average price target given by analysts is for Baxter International Inc. (BAX) stock is $58.86.