Baxter International (NYSE:BAX) Stock Price Expected to Rise, Barclays Analyst Says

Baxter International (NYSE:BAXGet Free Report) had its price target upped by equities researchers at Barclays from $25.00 to $27.00 in a note issued to investors on Friday,MarketScreener reports. Barclays‘s price objective would indicate a potential upside of 56.48% from the stock’s previous close.

BAX has been the topic of several other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Baxter International in a report on Wednesday, January 21st. The Goldman Sachs Group reduced their price target on shares of Baxter International from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Evercore decreased their price objective on shares of Baxter International from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Zacks Research cut shares of Baxter International from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Citigroup dropped their target price on shares of Baxter International from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Baxter International currently has a consensus rating of “Reduce” and an average price target of $19.91.

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Baxter International Stock Down 1.8%

Shares of BAX opened at $17.26 on Friday. The company has a market capitalization of $8.91 billion, a P/E ratio of -9.33, a PEG 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. Baxter International has a one year low of $15.73 and a one year high of $32.68. The business’s 50 day simple moving average is $17.92 and its 200-day simple moving average is $19.18.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BAX. Nicholas Hoffman & Company LLC. grew its stake in shares of Baxter International by 28.9% during the first quarter. Nicholas Hoffman & Company LLC. now owns 60,475 shares of the medical instruments supplier’s stock worth $1,016,000 after purchasing an additional 13,562 shares during the period. Fiduciary Alliance LLC increased its holdings in Baxter International by 95.6% in the first quarter. Fiduciary Alliance LLC now owns 258,062 shares of the medical instruments supplier’s stock valued at $4,542,000 after purchasing an additional 126,104 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in Baxter International by 99.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 111,858 shares of the medical instruments supplier’s stock valued at $2,245,000 after buying an additional 55,674 shares during the period. Jump Financial LLC boosted its holdings in Baxter International by 5.7% during the fourth quarter. Jump Financial LLC now owns 15,968 shares of the medical instruments supplier’s stock worth $305,000 after buying an additional 854 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Baxter International by 35.6% during the fourth quarter. Russell Investments Group Ltd. now owns 3,410,689 shares of the medical instruments supplier’s stock worth $65,216,000 after buying an additional 894,761 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

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Baxter International Company Profile

(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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