Research Analysts’ Recent Ratings Changes for Baxter International (BAX)

Baxter International (NYSE: BAX) has recently received a number of price target changes and ratings updates:

  • 1/4/2018 – Baxter International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Over the past year, Baxter has outperformed the broader industry in terms of price performance. The company's impressive performance at the hospital products and renal segments hold promise. Baxter launched the oXIRIS set for continuous renal replacement therapy (CRRT) and sepsis management protocols in select markets of Europe, Middle East and Africa recently. Further, the recent launch of DeviceVue, a comprehensive asset tracking solution available exclusively to hospitals, boosts the company’s product portfolio. On the flipside, foreign currency headwinds, intensifying competition and lackluster sales growth have been dampening Baxter’s performance since long. Generic competition for cyclophosphamide is an added headwind. Furthermore, the recent hurricanes are expected to dent the company’s results in the near term. Baxter stock looks a tad expensive at the moment.”
  • 1/3/2018 – Baxter International was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $73.00 price target on the stock.
  • 1/3/2018 – Baxter International is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $71.00 price target on the stock.
  • 1/2/2018 – Baxter International was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating.
  • 1/2/2018 – Baxter International was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.
  • 12/26/2017 – Baxter International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the past year, Baxter has outperformed the broader industry in terms of price performance.The company's impressive performance in the third quarter 2017 at the hospital products and renal segments hold promise. Baxter launched the oXIRIS set for continuous renal replacement therapy (CRRT) and sepsis management protocols in select markets of Europe, Middle East and Africa recently. Further, the recent launch of DeviceVue, a comprehensive asset tracking solution available exclusively to hospitals, boosts the company’s product portfolio. The company acquired Claris Injectables recently. On the flipside, a strong U.S. dollar, intensifying competition and lackluster sales growth are key concerns. Generic competition for cyclophosphamide is a headwind. Added to this, the recent hurricanes are expected to dent the company’s results.”
  • 11/22/2017 – Baxter International had its “hold” rating reaffirmed by analysts at Bank of America Corp.
  • 11/22/2017 – Baxter International had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $66.00 price target on the stock.

Shares of Baxter International Inc (NYSE:BAX) opened at $67.67 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.80 and a debt-to-equity ratio of 0.37. Baxter International Inc has a 52 week low of $45.47 and a 52 week high of $69.65. The stock has a market capitalization of $36,870.00, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.05 and a beta of 0.69.

Baxter International (NYSE:BAX) last issued its quarterly earnings results on Wednesday, October 25th. The medical instruments supplier reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Baxter International had a return on equity of 15.00% and a net margin of 9.88%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company earned $0.56 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts predict that Baxter International Inc will post 2.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Thursday, November 30th. Baxter International’s payout ratio is 34.59%.

In other Baxter International news, SVP Giuseppe Accogli sold 28,641 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $67.00, for a total value of $1,918,947.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeanne K. Mason sold 33,350 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $65.25, for a total value of $2,176,087.50. Following the completion of the sale, the senior vice president now directly owns 124,609 shares in the company, valued at $8,130,737.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,061,991 shares of company stock worth $325,245,035. 0.05% of the stock is owned by corporate insiders.

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.

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