Baxter International (BAX) Stock Price, News & Analysis

Company Overview

Baxter International Inc., through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. The company operates through four segments: Medical Products and Therapies, Healthcare Systems and Technologies, Pharmaceuticals, and Kidney Care. The company offers sterile intravenous (IV) solutions; infusion systems and devices; parenteral nutrition therapies; generic injectable pharmaceuticals; surgical hemostat and sealant products, advanced surgical equipment; smart bed systems; patient monitoring and diagnostic technologies; and respiratory health devices, as well as advanced equipment for the surgical space, including surgical video technologies, precision positioning devices, and other accessories. It also provides administrative sets; adhesion prevention products; inhaled anesthesia; drug compounding; chronic and acute dialysis therapies and services, including peritoneal dialysis (PD), hemodialysis (HD), continuous renal replacement therapies (CRRT), and other organ support therapies. The company's products are used in hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, ambulatory surgery centers, doctors' offices, and patients at home under physician supervision. The company sells its products through direct sales force, as well as through independent distributors, drug wholesalers, and specialty pharmacy or other alternate site providers in approximately 100 countries. It has an agreement with Celerity Pharmaceutical, LLC to develop acute care generic injectable premix and oncolytic products; and a collaborative research agreement with Miromatrix Medical Inc. aiming to advance care for patients with acute liver failure. Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield, Illinois.

Key Stats

• Today's Range: $33.01 to $33.70
• 50-Day Range: $31.71 to $40.26
• 52-Week Range: $31.60 to $44.01
• Volume: 4.64 million shs
• Average Volume: 4.11 million shs
• Market Capitalization: $16.96 billion
• P/E Ratio: 166.06
• Dividend Yield: 3.49%
• Price Target: $40.91
• Consensus Rating: Hold

Baxter International Stock Analysis - MarketRank™

Baxter International scored higher than 90% of companies evaluated by MarketBeat, and ranked 118th out of 953 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Baxter International has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 3 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Baxter International has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 31.31%

Earnings Growth

Earnings for Baxter International are expected to grow by 31.31% in the coming year, from $1.98 to $2.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Baxter International is 166.06, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.13.

Price to Earnings Ratio vs. Sector

The P/E ratio of Baxter International is 166.06, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 116.12.

Price to Earnings Growth Ratio

Baxter International has a PEG Ratio of 12.91. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Baxter International has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.25% of the outstanding shares of Baxter International have been sold short.

Short Interest Ratio / Days to Cover

Baxter International has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Baxter International has recently decreased by 10.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Baxter International is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Baxter International does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Baxter International is 580.03%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Baxter International will have a dividend payout ratio of 44.62% next year. This indicates that Baxter International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 4.0 / 5
• Environmental Score: -1.95

Percentage of Shares Shorted

2.25% of the outstanding shares of Baxter International have been sold short.

Short Interest Ratio / Days to Cover

Baxter International has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Baxter International has recently decreased by 10.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.04

News Sentiment

Baxter International has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Baxter International this week, compared to 8 articles on an average week.

Search Interest

Only 13 people have searched for BAX on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

MarketBeat Follows

8 people have added Baxter International to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Baxter International insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.21% of the stock of Baxter International is held by insiders.

Percentage Held by Institutions

90.19% of the stock of Baxter International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BAX Stock Analysis - Frequently Asked Questions

How have BAX shares performed this year?

Baxter International's stock was trading at $38.66 at the beginning of the year. Since then, BAX stock has decreased by 14.1% and is now trading at $33.21.
View the best growth stocks for 2024 here.

How were Baxter International's earnings last quarter?

Baxter International Inc. (NYSE:BAX) posted its quarterly earnings data on Friday, November, 8th. The medical instruments supplier reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The firm's revenue for the quarter was up 3.8% on a year-over-year basis.
Read the conference call transcript.

Does Baxter International have any subsidiaries?

The following companies are subsidiaries of Baxter International: Cheetah Medical, ApaTech Limited, Baxter AO, Baxter Belgium SPRL, Baxter (China) Investment Co. Ltd, Baxter Company Ltd, Baxter Corporation (Canada), and others.

Who are Baxter International's major shareholders?

Top institutional investors of Baxter International include Geode Capital Management LLC (2.38%), Thompson Siegel & Walmsley LLC (0.37%), Coho Partners Ltd. (0.30%) and National Pension Service (0.23%). Insiders that own company stock include Jeanne K Mason, Albert P L Stroucken, Jacqueline Kunzler and Brian Stevens.
View institutional ownership trends.

How do I buy shares of Baxter International?

Shares of BAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Baxter International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Baxter International investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Chevron (CVX), JPMorgan Chase & Co. (JPM) and Intel (INTC).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 8/30/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 11/08/2024
• Today: 11/22/2024
• Ex-Dividend for 1/2 Dividend: 11/29/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Health Care Equipment
• Current Symbol: NYSE:BAX
• CUSIP: 07181310
• CIK: 10456
• Web: www.baxter.com
• Phone: (224) 948-2000
• Fax: 224-948-1813
• Employees: 60,000
• Year Founded: 1931

Price Target and Rating

• Average Stock Price Target: $40.91
• High Stock Price Target: $54.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +23.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.18
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.20
• Trailing P/E Ratio: 165.61
• Forward P/E Ratio: 16.73
• P/E Growth: 12.91
• Net Income: $2.66 billion
• Net Margins: 0.77%
• Pretax Margin: -0.50%
• Return on Equity: 18.30%
• Return on Assets: 5.43%

Debt

• Debt-to-Equity Ratio: 1.31
• Current Ratio: 1.43
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $14.81 billion
• Price / Sales: 1.14
• Cash Flow: $5.34 per share
• Price / Cash Flow: 6.20
• Book Value: $15.56 per share
• Price / Book: 2.13

Miscellaneous

• Outstanding Shares: 510,590,000
• Free Float: 509,516,000
• Market Cap: $16.91 billion
• Optionable: Optionable
• Beta: 0.60