Baxter International Sees Unusually High Options Volume (BAX)
Baxter International (NYSE:BAX) was the target of unusually large options trading activity on Friday. Stock traders acquired 4,511 put options on the company, Stock Ratings News reports. This is an increase of 462% compared to the typical daily volume of 802 put options.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Baxter International in a research note on Friday, July 18th. They now have a $76.00 price target on the stock, up previously from $75.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Baxter International in a research note on Friday, July 18th. They now have a $80.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Baxter International from $76.00 to $78.00 in a research note on Friday, July 18th. They now have a “sector perform” rating on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Baxter International presently has a consensus rating of “Hold” and an average target price of $79.31.
Baxter International (NYSE:BAX) traded down 1.00% on Friday, hitting $75.04. 2,258,668 shares of the company’s stock traded hands. Baxter International has a 52 week low of $62.80 and a 52 week high of $77.31. The stock’s 50-day moving average is $75.56 and its 200-day moving average is $72.68. The company has a market cap of $40.647 billion and a P/E ratio of 21.36.
Baxter International (NYSE:BAX) last released its earnings data on Thursday, July 17th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company posted $1.16 earnings per share. Baxter International’s revenue was up 16.2% compared to the same quarter last year. On average, analysts predict that Baxter International will post $5.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, September 5th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Baxter International Inc (NYSE:BAX) is a global, diversified healthcare company.
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