Baxter International VP Ludwig Hantson Sells 24,693 Shares (BAX)
Baxter International (NYSE:BAX) VP Ludwig Hantson sold 24,693 shares of the stock on the open market in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $76.00, for a total transaction of $1,876,668.00. Following the transaction, the vice president now directly owns 83,903 shares of the company’s stock, valued at approximately $6,376,628. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Baxter International (NYSE:BAX) traded down 0.21% during mid-day trading on Friday, hitting $76.59. 1,914,499 shares of the company’s stock traded hands. Baxter International has a 52-week low of $62.80 and a 52-week high of $76.78. The stock’s 50-day moving average is $73.99 and its 200-day moving average is $71.38. The company has a market cap of $41.558 billion and a P/E ratio of 20.91.
Baxter International (NYSE:BAX) last announced its earnings results on Thursday, April 17th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.10. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the company posted $1.05 earnings per share. Baxter International’s revenue was up 14.6% compared to the same quarter last year. Analysts expect that Baxter International will post $5.14 EPS for the current fiscal year.
A number of research firms have recently commented on BAX. Analysts at Zacks reiterated a “neutral” rating on shares of Baxter International in a research note on Tuesday. They now have a $79.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Baxter International from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $78.46.
Baxter International Inc (NYSE:BAX) is a global, diversified healthcare company.
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