Extremely significant positive changes in Baxter International Inc (NYSE: BAX) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted Baxter International Inc (NYSE: BAX): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BAX is expected to continue to be a major Value Builder.
Baxter International has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Baxter International has a poor Appreciation Score of 29 and a poor Power Rating of 15, producing the Lowest Value Trend Rating.
Recent Price Action
Baxter International Inc (NYSE: BAX) stock closed at $40.67 on 1/8/24 after a large increase of 3.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 251% of normal. The stock has risen 4.8% during the last week but has been weak relative to the market over the last nine months.
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