Stock Rating Downgrade
The Value Trend Rating for Baxter International Inc (NYSE: BAX) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 9/13/24, Baxter International Inc (NYSE: BAX) stock rose modestly by 0.9%, closing at $39.72. However, trading volume in this advance was below average at 72% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.3% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Baxter International has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 34, triggering the Negative Value Trend Rating.
Be the first to comment