For its third fiscal quarter (ending September 30), Baxter International Inc (NYSE: BAX) has reported E.P.S. of $0.09 compared to $-5.94 a year ago. This result fell short of the consensus estimate of $0.69 by $-0.60. For the latest four quarters through September 30, E.P.S. were $0.07 versus $-5.10 for the same period a year ago.
Recent Price Action
Baxter International Inc (NYSE: BAX) stock enjoyed a large increase of 4.5% on 11/2/23. The stock closed at $34.25. The stock has performed in line with the market over the last nine months and has risen 6.5% during the last week.
Current PriceTarget Research Rating
BAX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Baxter International has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Baxter International has a slightly negative Appreciation Score of 35 and a slightly negative Power Rating of 34, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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