The Baxter International Inc. (BAX) Receives $52.71 Consensus Target Price from Brokerages

Lawrence Kim
November 15, 2017

The company is so far trading down by 0.29% since yesterday's close of 64.46.

About 668,920 shares traded. RingCentral Inc (NYSE:RNG) has risen 80.85% since November 14, 2016 and is uptrending. It has outperformed by 10.05% the S&P500. Finally, Bessemer Group Inc. boosted its stake in shares of Baxter International by 42,907.2% during the 2nd quarter. The value of the total investment in Baxter International Inc went from $5,094,000 to $5,249,000 a change of $155,000 quarter over quarter. Baxter Intl Inc now has $35.13 billion valuation. Corporate insiders own 0.05% of the company's stock. About 1.80 million shares traded.

Beck Mack & Oliver Llc decreased Baxter Intl Inc (BAX) stake by 2.8% reported in 2017Q2 SEC filing. It has outperformed by 15.85% the S&P500. (NYSE:BAX) to announce $0.59 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Advsr Ltd Ltd Company invested in 102 shares. Sprint Corp (NYSE:S) was reduced too. Evercore ISI reiterated a "buy" rating and issued a $56.00 price target (up previously from $52.00) on shares of Baxter International in a report on Wednesday, October 26th. Therefore 50% are positive. BidaskClub lowered shares of Baxter International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 31st. That puts the market capitalization at $4.83 bln. Veritas Asset Management LLP owned 1.85% of Baxter International worth $633,474,000 at the end of the most recent quarter. The average analysts gave this company a mean recommendation of 2.60. The rating was downgraded by Leerink Swann to "Market Perform" on Thursday, July 30. Cowen and Company updated guidance on BAX with a rating of "Hold" and establishing a price target of $68.00. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. California-based Pure Advsrs Inc has invested 0.13% in Baxter International Inc (NYSE:BAX). BAX's profit would be $321.90M giving it 27.28 P/E if the $0.59 EPS is correct.

Thompson Siegel & Walmsley Limited has 0.01% invested in Baxter International Inc (NYSE:BAX) for 8,131 shares.

Since May 23, 2017, it had 0 insider buys, and 1 sale for $151,635 activity. $151,635 worth of Baxter International Inc (NYSE:BAX) shares were sold by Shapazian Carole J.

Investors sentiment decreased to 0.92 in Q2 2017. Its up 0.34, from 0.97 in 2017Q1. It turned negative, as 52 investors sold BAX shares while 315 reduced holdings. 89 funds opened positions while 247 raised stakes. The medical instruments supplier reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Blair William And Il accumulated 10,900 shares or 0% of the stock. World Asset owns 44,405 shares. Parametric Portfolio Associates Ltd Liability Corp reported 269,369 shares stake. Mastrapasqua Asset Mngmt, Tennessee-based fund reported 87,990 shares. Employees Retirement Association Of Colorado stated it has 0.04% in Baxter International Inc (NYSE:BAX). Highbridge Capital Ltd holds 159,264 shares or 0.14% of its portfolio. Wells Fargo & Co. started coverage on shares of Baxter International in a report on Thursday, October 13th.

Baxter International Inc, through its subsidiaries, provides renal and hospital products. Horrell Capital invested in 27,941 shares or 1% of the stock. Legacy Private stated it has 19,319 shares or 0.15% of all its holdings. Gradient Invs Limited Company has invested 0% in RingCentral Inc (NYSE:RNG).

Since May 15, 2017, it had 0 buys, and 14 sales for $147.86 million activity. Shmunis Vladimir had sold 88,454 shares worth $3.02 million on Monday, May 22. (NASDAQ:BBBY) gained 2.54% with the closing price of $20.22. Schroepfer Michael Todd sold $5.71M worth of stock or 37,922 shares. 209 shares were sold by Desmond-Hellmann Susan, worth $30,236 on Thursday, May 18. Its down 0.03, from 0.95 in 2017Q1. 40 funds opened positions while 57 raised stakes. 46,609 are held by Whittier Trust Co. Tiaa Cref Invest Management Ltd Llc holds 0.01% or 491,329 shares. Southpoint Advisors Limited Partnership has 500,000 shares for 0.72% of their portfolio. Bahl And Gaynor accumulated 20,940 shares. Mathes holds 12,395 shares or 0.9% of its portfolio. North Star Invest Management Corporation accumulated 6,226 shares. Srb Corporation owns 3,136 shares. Cubist Systematic Strategies Ltd Com invested in 0.03% or 7,388 shares. The company is scheduled to report its next quarterly earnings results on Wednesday, February 7th. They expect $0.59 EPS, up 3.51% or $0.02 from last year's $0.57 per share. The 1 year EPS growth rate is 24.00%.

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