In today’s recent session, 1.39 million shares of the Baxter International Inc. (NYSE:BAX) have been traded, and its beta is 0.60. Most recently the company’s share price was $37.71, and it changed around $0.59 or 1.59% from the last close, which brings the market valuation of the company to $19.24B. BAX at last check was trading at a discount to its 52-week high of $44.01, offering almost -16.71% off that amount. The share price’s 52-week low was $31.01, which indicates that the recent value has risen by an impressive 17.77% since then. We note from Baxter International Inc.’s average daily trading volume that its 10-day average is 4.27 million shares, with the 3-month average coming to 4.30 million.
Baxter International Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.71. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended BAX as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Baxter International Inc. is expected to report earnings per share of 0.78 for the current quarter.
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Baxter International Inc. (NYSE:BAX) trade information
Instantly BAX has been showing a green trend so far today with a performance of 1.59% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 38.14 on recent trading dayincreased the stock’s daily price by 1.13%. The company’s shares are currently down -2.46% year-to-date, but still up 4.84% over the last five days. On the other hand, Baxter International Inc. (NYSE:BAX) is -3.83% down in the 30-day period. We can see from the shorts that 13.2 million shares have been sold at a short interest cover period of 3.44 day(s).
The consensus price target as assigned by Wall Street analysts is $45, which translates to bulls needing to increase their stock price by 16.2% from its current value. Analyst projections state that BAX is forecast to be at a low of $30 and a high of $98.
Baxter International Inc. (BAX) estimates and forecasts
Baxter International Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.21 percent over the past six months and at a 13.85% annual growth rate that is well above the industry average of 12.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.70% in revenue this quarter, and will report a decrease of -4.50% in the next quarter. The year-over-year growth rate is expected to be 2.80%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 3.85B in revenue for the current quarter. 11 analysts expect Baxter International Inc. to make 3.98B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 2.40%.
Baxter International Inc. earnings are expected to increase by 13.34% in 2024, but the outlook is positive 3.50% per year for the next five years.
BAX Dividends
Baxter International Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 3.08 percent and its annual dividend per share was 1.16. It is important to note, however, that the 3.08% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.91 per year.
Baxter International Inc. (NYSE:BAX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.38% of Baxter International Inc. shares, and 91.77% of them are in the hands of institutional investors. The stock currently has a share float of 92.12%. Baxter International Inc. stock is held by 1210.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.4084% of the shares, which is about 63.03 million shares worth $2.11 billion.
VANGUARD GROUP INC, with 11.8032% or 59.96 million shares worth $2.01 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
