Baxter International (NYSE:BAX) Given New $19.00 Price Target at Stifel Nicolaus

Baxter International (NYSE:BAXGet Free Report) had its target price reduced by stock analysts at Stifel Nicolaus from $20.00 to $19.00 in a research note issued to investors on Friday,MarketScreener reports. Stifel Nicolaus’ price objective would suggest a potential upside of 10.11% from the stock’s current price.

A number of other analysts have also recently issued reports on BAX. Evercore decreased their target price on Baxter International from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Wall Street Zen lowered Baxter International from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. The Goldman Sachs Group boosted their price objective on Baxter International from $17.00 to $19.00 in a research note on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Baxter International in a report on Wednesday, January 21st. Finally, Jefferies Financial Group lowered their target price on shares of Baxter International from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Baxter International has a consensus rating of “Reduce” and an average price target of $19.91.

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Baxter International Price Performance

Shares of NYSE:BAX opened at $17.26 on Friday. Baxter International has a 12 month low of $15.73 and a 12 month high of $32.68. The firm has a market capitalization of $8.91 billion, a P/E ratio of -9.33, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.31 and a quick ratio of 1.56. The company’s fifty day moving average price is $17.92 and its 200 day moving average price is $19.18.

Baxter International (NYSE:BAXGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.62 billion. Baxter International had a negative net margin of 9.70% and a positive return on equity of 15.65%. Baxter International’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, sell-side analysts predict that Baxter International will post 1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Baxter International

Large investors have recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new position in Baxter International during the 4th quarter worth $26,000. Imprint Wealth LLC purchased a new stake in shares of Baxter International in the third quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new position in shares of Baxter International during the second quarter worth about $46,000. Los Angeles Capital Management LLC acquired a new position in shares of Baxter International during the fourth quarter worth about $46,000. Finally, McMillan Office Inc. purchased a new position in Baxter International during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.

Key Headlines Impacting Baxter International

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About Baxter International

(Get Free Report)

Baxter International Inc is a global healthcare company that develops, manufactures and markets a broad portfolio of medical products, pharmaceutical therapies and biotechnology-based solutions. The company’s primary business activities are organized around renal care, medication delivery, acute therapies, pharmacy automation, surgical care and biotechnology. Baxter’s offerings are designed to support patient care in hospitals, dialysis centers, nursing homes and other healthcare facilities worldwide.

In the renal care segment, Baxter provides hemodialysis and peritoneal dialysis systems, water treatment equipment and related disposables, including dialyzers, bloodlines and catheters.

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Analyst Recommendations for Baxter International (NYSE:BAX)

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