Baxter International Inc. (BAX) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Baxter International Inc. (NYSE:BAX) in a research report sent to investors on Thursday, October 26th. Stifel Nicolaus currently has a $65.00 price objective on the medical instruments supplier’s stock.

Several other research analysts have also recently issued reports on BAX. BidaskClub raised shares of Baxter International from a buy rating to a strong-buy rating in a report on Monday, August 14th. Citigroup Inc. began coverage on shares of Baxter International in a report on Thursday, August 17th. They issued a neutral rating and a $63.00 price objective for the company. Royal Bank Of Canada reaffirmed a hold rating and issued a $60.00 price objective on shares of Baxter International in a report on Tuesday, October 3rd. Cowen and Company set a $68.00 target price on shares of Baxter International and gave the stock a hold rating in a research note on Sunday, October 15th. Finally, Zacks Investment Research cut shares of Baxter International from a buy rating to a hold rating in a research note on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Baxter International presently has a consensus rating of Buy and an average target price of $67.00.

Shares of Baxter International (NYSE BAX) traded up $0.37 during mid-day trading on Thursday, reaching $64.41. 1,658,000 shares of the company traded hands, compared to its average volume of 2,677,639. The stock has a market capitalization of $34,891.03, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. The company has a current ratio of 2.80, a quick ratio of 2.22 and a debt-to-equity ratio of 0.37. Baxter International has a 12 month low of $43.13 and a 12 month high of $65.70.

Baxter International (NYSE:BAX) last posted its quarterly earnings data on Wednesday, October 25th. The medical instruments supplier reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05. Baxter International had a net margin of 9.88% and a return on equity of 15.00%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts anticipate that Baxter International will post 2.43 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Baxter International Inc. (BAX) Rating Reiterated by Stifel Nicolaus” was first reported by BBNS and is the property of of BBNS. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://baseballnewssource.com/markets/baxter-international-inc-bax-given-hold-rating-at-stifel-nicolaus/1737664.html.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.99%. Baxter International’s payout ratio is currently 34.41%.

In other Baxter International news, SVP Giuseppe Accogli sold 12,670 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $60.96, for a total value of $772,363.20. Following the sale, the senior vice president now directly owns 33,286 shares of the company’s stock, valued at approximately $2,029,114.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John D. Forsyth sold 9,440 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $61.76, for a total transaction of $583,014.40. Following the completion of the sale, the director now directly owns 32,444 shares in the company, valued at $2,003,741.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,035,050 shares of company stock worth $323,308,587. 0.05% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of BAX. BlackRock Inc. boosted its holdings in shares of Baxter International by 1,941.1% in the 1st quarter. BlackRock Inc. now owns 46,937,709 shares of the medical instruments supplier’s stock valued at $2,434,190,000 after buying an additional 44,638,052 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Baxter International by 42,907.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,652,950 shares of the medical instruments supplier’s stock valued at $281,690,000 after buying an additional 4,642,131 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Baxter International by 2,859.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,897,115 shares of the medical instruments supplier’s stock valued at $98,384,000 after buying an additional 1,833,015 shares in the last quarter. FMR LLC boosted its stake in Baxter International by 83.1% during the 1st quarter. FMR LLC now owns 3,225,482 shares of the medical instruments supplier’s stock worth $167,273,000 after purchasing an additional 1,463,443 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Baxter International during the 1st quarter worth $65,780,000. Institutional investors and hedge funds own 82.85% of the company’s stock.

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)

Receive News & Ratings for Baxter International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baxter International Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.