Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Baxter International Inc (NYSE: BAX) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 11/8/24, Baxter International Inc (NYSE: BAX) stock declined by -3.9%, closing at $34.64. Moreover, this decline was accompanied by unusually high trading volume at 190% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.0% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Baxter International has a slightly positive Appreciation Score of 62 but a poor Power Rating of 29, producing the Low Neutral Value Trend Rating.
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