Baxter International Inc (NYSE: BAX) has reported E.P.S. of $-0.62 for its second fiscal quarter (ending June 30) versus $-0.39 for the same period a year ago. Relative to the consensus estimate of $0.66, this was a shortfall of $-1.28. For the latest four quarters through June 30, E.P.S. were $-0.31 compared to $-6.05 a year ago.
Recent Price Action
Baxter International Inc (NYSE: BAX) stock enjoyed a very large increase of 6.6% on 8/6/24. The shares closed at $36.92. Moreover, exceptionally high trading volume at 231% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 2.5% 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). 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 54 and a slightly negative Power Rating of 35, with the Low Neutral Value Trend Rating the result.
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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