Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Baxter International Inc (NYSE: BAX) improved of late. BAX’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Baxter International Inc (NYSE: BAX) stock closed at $38.49 on 9/20/24 after a slight decline of -0.7%. This decline was accompanied by normal trading volume. The stock has declined -2.3% during the last week and has been weak relative to 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). This VT Rating improved in recent days from D previously. 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 53 and a slightly negative Power Rating of 34, producing the Low Neutral Value Trend Rating.
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