Baxter International Inc (BAX) Receives Average Recommendation of “Buy” from Analysts

Baxter International Inc (NYSE:BAX) has been given a consensus recommendation of “Buy” by the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $70.23.

BAX has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Baxter International in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $71.00 price objective for the company. Bank of America raised shares of Baxter International from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Raymond James Financial raised shares of Baxter International from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a report on Wednesday, January 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $65.00 price objective on shares of Baxter International in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Baxter International from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.

In other Baxter International news, SVP Jeanne K. Mason sold 33,350 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $65.25, for a total transaction of $2,176,087.50. Following the completion of the transaction, the senior vice president now owns 124,609 shares of the company’s stock, valued at $8,130,737.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Giuseppe Accogli sold 28,641 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $67.00, for a total transaction of $1,918,947.00. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Colony Group LLC purchased a new position in Baxter International during the third quarter worth about $6,966,000. Toronto Dominion Bank boosted its stake in Baxter International by 8.6% during the third quarter. Toronto Dominion Bank now owns 212,015 shares of the medical instruments supplier’s stock worth $13,304,000 after buying an additional 16,835 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Baxter International by 15.5% in the third quarter. Johnson Financial Group Inc. now owns 21,038 shares of the medical instruments supplier’s stock valued at $1,320,000 after purchasing an additional 2,825 shares during the period. Sawyer & Company Inc purchased a new position in shares of Baxter International in the fourth quarter valued at approximately $327,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Baxter International by 35.8% in the third quarter. Canada Pension Plan Investment Board now owns 1,413,054 shares of the medical instruments supplier’s stock valued at $88,669,000 after purchasing an additional 372,500 shares during the period. 83.12% of the stock is owned by institutional investors.

Shares of Baxter International (BAX) opened at $65.00 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.80 and a quick ratio of 2.22. Baxter International has a 1-year low of $48.58 and a 1-year high of $72.58. The stock has a market cap of $35,410.00, a PE ratio of 50.00, a P/E/G ratio of 1.82 and a beta of 0.78.

Baxter International (NYSE:BAX) last announced its quarterly earnings data on Thursday, February 1st. The medical instruments supplier reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. Baxter International had a net margin of 6.79% and a return on equity of 15.12%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Baxter International’s quarterly revenue was up 4.9% on a year-over-year basis. research analysts expect that Baxter International will post 2.78 EPS for the current fiscal year.

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About Baxter International

Baxter International Inc, through its subsidiaries, provides renal and hospital products. The Company operates through two segments: Hospital Products and Renal. Its Hospital Products business manufactures sterile intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics and biosurgery products.

Analyst Recommendations for Baxter International (NYSE:BAX)

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