Baxter International Inc (NYSE:BAX) price closed higher on current market day and jumping 2.82% above its previous close.
A look at the daily price movement shows that the last close reads $30.85. Taking into account the 52-week price action we note that the stock hit a 52-week high of $40.49 and 52-week low of $26.25. The stock added 2.65% on its value in the past month.
Baxter International Inc, which has a market valuation of $16.28 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 0.80, while the dividend yield is 2.52%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 21 analysts have assigned BAX a recommendation rating as follows: 10 rate it as a Hold; 10 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Baxter International Inc (BAX) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BAX’s price is at present 3.46% off the SMA20 and 4.48% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.88, with weekly volatility standing at 1.14%. The indicator jumps to 1.88% when calculated based on the past 30 days. Baxter International Inc (NYSE:BAX)’s beta value is holding at 0.61, while the average true range (ATR) indicator is currently reading 0.88. Considering analysts have assigned the stock a price target range of $42-$42 as the low and high respectively, we find the trailing 12-month average consensus price target to be $42. Based on this estimate, we see that current price is roughly -32.41% off the estimated low and -32.41% off the forecast high. Investors will no doubt be excited to see the share price fall to $42, which is the median consensus price, and at that level BAX would be -32.41% from current price.
Current records show that the company has 513.08M in outstanding shares. The insiders’ percentage holdings are 0.87% of outstanding shares while the percentage share held by institutions stands at 96.78%. But the 8.78% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
