Traders Sell Baxter International Inc. (BAX) on Strength (BAX)
Investors sold shares of Baxter International Inc. (NYSE:BAX) on strength during trading hours on Friday. $16.80 million flowed into the stock on the tick-up and $34.24 million flowed out of the stock on the tick-down, for a money net flow of $17.44 million out of the stock. Of all stocks tracked, Baxter International had the 0th highest net out-flow for the day. Baxter International traded up $0.08 for the day and closed at $47.18
A number of equities analysts recently weighed in on BAX shares. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Baxter International in a research note on Wednesday, July 6th. Argus restated a “hold” rating on shares of Baxter International in a report on Monday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Baxter International from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Zacks Investment Research cut shares of Baxter International from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, BMO Capital Markets restated a “hold” rating and issued a $43.00 price target on shares of Baxter International in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.91.
The firm has a 50-day moving average of $47.57 and a 200-day moving average of $43.70. The stock has a market cap of $25.66 billion and a price-to-earnings ratio of 5.42.
Baxter International (NYSE:BAX) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that Baxter International Inc. will post $1.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in Baxter International stock. Ameriprise Financial Inc. raised its position in shares of Baxter International Inc. (NYSE:BAX) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,928,054 shares of the company’s stock after buying an additional 415,872 shares during the period. Ameriprise Financial Inc. owned 0.35% of Baxter International worth $73,561,000 as of its most recent SEC filing.
Baxter International Inc, through its subsidiaries, provides a portfolio of essential renal and hospital products, including home, acute and in-center dialysis; sterile intravenous (IV) solutions; infusion systems and devices; parenteral nutrition; biosurgery products and anesthetics, and pharmacy automation, software and services.
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