Baxter International Inc (NYSE: BAX) has reported earnings for its first fiscal quarter (ending March 31) of $0.07 versus $0.00 for the same period a year ago. This result fell short of the consensus estimate of $0.69 by $-0.62. For the latest four quarters through March 31, E.P.S. were $-0.09 compared to $-5.30 a year ago.
Recent Price Action
Baxter International Inc (NYSE: BAX) stock suffered a large decline of -8.5% on 5/2/24. The stock closed at $36.91. Moreover, exceptionally high trading volume at 308% of normal accompanied the decline. The stock has declined -9.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BAX is expected to continue to be a major Value Builder.
Baxter International has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Baxter International has a neutral Power Rating of 49 and a neutral Appreciation Score of 45, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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