The stock of Baxter International Inc. (NYSE:BAX) last traded at $33.52, down -1.12% from the previous session.
BAX stock price is now -6.40% away from the 50-day moving average and -11.06% away from the 200-day moving average. The market capitalization of the company currently stands at $17.08B.
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With the price target of $36, Goldman recently initiated with Neutral rating for Baxter International Inc. (NYSE: BAX). On May 10, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $40, 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 $4.77 million. A total of 0.44% 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 1.73, a current ratio of 1.48, and a quick ratio of 1.01. The fifty day moving average price for BAX is $35.6892 and a two-hundred day moving average price translates $37.66245 for the stock.
The latest earnings results from Baxter International Inc. (NYSE: BAX) was released for 2024-03-31. The net profit margin was -1.56% and return on equity was -0.54% for BAX. The company reported revenue of $3.59 billion for the quarter, compared to $3.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.25 percent.
