Analyst Estimates

Analyst Views on Price Target: Baxter International Inc (NYSE:BAX)

Baxter International Inc (NYSE:BAX) soared 1.03% during previous trade, a total of 3.65M shares exchanged hands compared with its average trading volume of 3.84M shares whereas its relative volume is 0.90. The stock has a market capitalization of $27.75B along with 543.92M outstanding shares. Stock’s intraday price range hit the peak level of $47.01 and touched the lowest level of $46.51.

Most recently Baxter International Inc (NYSE:BAX)’s price target was revised on 1/9/17 and according to 12 analysts stock’s price will reach at $53.83 during 52 weeks with standard deviation of 3.85. Stock’s minimum price target estimates has been figured out at $48 while the maximum price target forecast is established at $60, if we look at the price target with an optimistic approach it has upside potential of 28% from its latest closing price of $46.99.

Historically, if we look at price target revisions, three weeks ago Baxter International Inc (NYSE:BAX)’s price target was revised on 12/16/16 by the analysts, however the bullish price estimates of the stock set at $60 while the bearish estimates kept at $47 over the next one year. Stock’s 52-week target was retained at $52.10, the estimates indicates a standard deviation of 3.98.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.66. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 3 rate Baxter International Inc (NYSE:BAX) stock a Strong Buy, 0 rate the stocks of the company a Buy, 10 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 4/14/16 the stock of Baxter International Inc (NYSE:BAX) upgraded by Piper Jaffray from Neutral to Overweight. However previously on 7/30/15 it was downgraded by Leerink Partners from Outperform to Mkt Perform. A research note issued on 7/2/15 the stock was downgraded by BofA/Merrill from Buy to Neutral.

Baxter International Inc (NYSE:BAX) performance over the past one year advanced 33.98% whereas its year to date (YTD) performance indicated a bullish trend of 5.98%. During the last six months the stock rose 0.94%. Quarterly performance of the company shows optimistic momentum of 0.25% while its last one month trend is positive with 4.79%. Stock’s weekly performance expressed up trend of 5.01%.

The company’s price sits 3.32% above from its 50-day moving average of $44.86 and 3.37% far from the stock’s 200-day moving average which is $46.57. Baxter International Inc (NYSE:BAX)’s shares are currently trading -6.05% away from the 52-week high price of $50.01 and +39.57% far from the 52-week low price of $33.67.

According to consensus agreement of 14 analysts Baxter International Inc (NYSE:BAX) will report earnings per share of $0.52 in their quarterly report and it is expected to announce the company’s results on 2/17/17 Before Market Open. For the current quarter the company has high EPS estimates of $0.55 in contradiction of low EPS estimates of $0.49. However a year ago for the same quarter the company has reported $0.43 EPS. Current year EPS projections for Baxter International Inc (NYSE:BAX) set at $1.91 according to the sentiments of 16 analysts, while its lowest earnings estimates are $1.88 and highest earnings estimates are $1.93.

According to 14 analysts, Baxter International Inc (NYSE:BAX)’s revenue estimates for the current quarter are $2.65B meanwhile the company has high revenue estimates of $2.66B in contradiction of low revenue estimates of $2.58B. For the current year the company’s revenue estimates are $10.17B compared to low analyst estimates of $10.1B and high estimates of $10.19B according to the projection of 16 analysts.

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