Baxter International Given Average Rating of “Hold” by Brokerages (NYSE:BAX)
Shares of Baxter International (NYSE:BAX) have received a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, AnalystRatings.NET reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $78.46.
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, July 8th. 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.
In other Baxter International news, VP Ludwig Hantson unloaded 24,693 shares of the company’s 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 value of $1,876,668.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Baxter International (NYSE:BAX) opened at 76.59 on Wednesday. Baxter International has a 52 week low of $62.80 and a 52 week high of $76.80. The stock has a 50-day moving average of $74.05 and a 200-day moving average of $71.44. The company has a market cap of $41.558 billion and a price-to-earnings ratio of 20.91.
Baxter International (NYSE:BAX) last released its earnings data 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. On average, analysts predict that Baxter International will post $5.15 earnings per share for the current fiscal year.
Baxter International Inc (NYSE:BAX) is a global, diversified healthcare company.
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