The price of Baxter International Inc. (NYSE:BAX) shares last traded on Wall Street rose 0.29% to $42.12.
BAX stock price is now 1.31% away from the 50-day moving average and 5.83% away from the 200-day moving average. The market capitalization of the company currently stands at $21.40B.
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On March 29, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $43, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Mason Jeanne K, EVP, Chief HR Officer sold 64,488 shares of the company’s stock on Mar 01 ’24. The stock was sold for $2,618,858 at an average price of $40.61. Upon completion of the transaction, the EVP, Chief HR Officer now directly owns 142,290 shares in the company, valued at $5.99 million. A total of 0.70% of the company’s stock is owned by insiders.
During the past 12 months, Baxter International Inc. has had a low of $31.01 and a high of $50.21. As of last week, the company has a debt-to-equity ratio of 1.71, a current ratio of 1.48, and a quick ratio of 1.04. The fifty day moving average price for BAX is $41.64 and a two-hundred day moving average price translates $39.79 for the stock.
The latest earnings results from Baxter International Inc. (NYSE: BAX) was released for Dec, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $0.88, beating analysts’ expectations of $0.86 by 0.02. This compares to $0.21 EPS in the same period last year. The net profit margin was -1.51% and return on equity was -0.44% for BAX. The company reported revenue of $3.75 billion for the quarter, compared to $3.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.25 percent. For the current quarter, analysts expect BAX to generate $3.55B in revenue.
