Insider Selling: Baxter International Director Unloads 1,941 Shares of Stock (BAX)
Baxter International (NYSE:BAX) Director Carole Shapazian unloaded 1,941 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $71.58, for a total value of $138,936.78. Following the sale, the director now directly owns 5,111 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on BAX shares. Analysts at CL King upgraded shares of Baxter International (NYSE:BAX) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Baxter International (NYSE:BAX) in a research note to investors on Wednesday, August 21st. They now have a $75.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Baxter International (NYSE:BAX) in a research note to investors on Wednesday, August 7th. They set a “conviction-buy” rating and a $86.00 price target on the stock.
Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $77.36.
Shares of Baxter International (NYSE:BAX) traded up 0.21% during mid-day trading on Friday, hitting $71.78. 1,434,208 shares of the company’s stock traded hands. Baxter International has a one year low of $59.61 and a one year high of $74.60. The stock has a 50-day moving average of $71.68 and a 200-day moving average of $70.84. The company has a market cap of $38.961 billion and a P/E ratio of 17.87.
Baxter International (NYSE:BAX) last issued its quarterly earnings data on Thursday, July 18th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.13 by $0.03. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company posted $1.12 earnings per share. Baxter International’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Baxter International will post $4.67 EPS for the current fiscal year.
Baxter International Inc (NYSE:BAX) is a global, diversified healthcare company.
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