In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Baxter International Inc (NYSE: BAX) closed the day trading at $31.47 up 0.16% from the previous closing price of $31.42. In other words, the price has increased by $0.16 from its previous closing price. On the day, 2.71 million shares were traded. BAX stock price reached its highest trading level at $31.7 during the session, while it also had its lowest trading level at $31.35.
Ratios:
For a better understanding of BAX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.80. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 1.68 whereas as Long-Term Debt/Eq ratio is at 1.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on July 15, 2024, Downgraded its rating to Underweight and sets its target price to $30 from $39 previously.
On May 30, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $36.
TD Cowen Downgraded its Buy to Hold on May 10, 2024, while the target price for the stock was maintained at $40.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 16 ’24 when Stevens Brian bought 976 shares for $40.01 per share.
Stevens Brian bought 16,063 shares of BAX for $639,465 on Sep 13 ’24. On Mar 01 ’24, another insider, Mason Jeanne K, who serves as the EVP, Chief HR Officer of the company, sold 64,488 shares for $40.61 each. As a result, the insider received 2,618,858 and left with 142,290 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BAX now has a Market Capitalization of 16068203520 and an Enterprise Value of 27912192000. As of this moment, Baxter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 137.24, and their Forward P/E ratio for the next fiscal year is 12.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 87.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 1.853 whereas that against EBITDA is 10.172.
Stock Price History:
The Beta on a monthly basis for BAX is 0.62, which has changed by -0.22343057 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, BAX has reached a high of $44.01, while it has fallen to a 52-week low of $28.33. The 50-Day Moving Average of the stock is 1.07%, while the 200-Day Moving Average is calculated to be -9.60%.
Shares Statistics:
Over the past 3-months, BAX traded about 4.80M shares per day on average, while over the past 10 days, BAX traded about 4619140 shares per day. A total of 510.46M shares are outstanding, with a floating share count of 506.61M. Insiders hold about 0.78% of the company’s shares, while institutions hold 94.34% stake in the company. Shares short for BAX as of 1736899200 were 16740370 with a Short Ratio of 3.49, compared to 1734048000 on 13115928. Therefore, it implies a Short% of Shares Outstanding of 16740370 and a Short% of Float of 4.3.
Dividends & Splits
BAX’s forward annual dividend rate is 1.04, up from 1.16 a year ago. Against a Trailing Annual Dividend Yield of 0.036919158The stock’s 5-year Average Dividend Yield is 2.06.
