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Shares of Baxter Worldwide Inc. (NYSE:BAX – Get Rating) reached a brand new 52-week low throughout buying and selling on Friday after Wells Fargo & Firm lowered their worth goal on the inventory from $59.00 to $57.00. Wells Fargo & Firm presently has an equal weight ranking on the inventory. Baxter Worldwide traded as little as $49.70 and final traded at $49.81, with a quantity of 76326 shares traded. The inventory had beforehand closed at $50.76.
A lot of different equities analysts have additionally issued experiences on BAX. Morgan Stanley decreased their worth goal on shares of Baxter Worldwide from $72.00 to $70.00 and set an “chubby” ranking for the corporate in a analysis report on Tuesday, October 11th. TheStreet lowered shares of Baxter Worldwide from a “c” ranking to a “d+” ranking in a analysis report on Thursday, October 27th. Citigroup lowered shares of Baxter Worldwide from a “purchase” ranking to a “impartial” ranking and decreased their worth goal for the inventory from $64.00 to $58.00 in a analysis report on Monday. Jefferies Monetary Group initiated protection on shares of Baxter Worldwide in a analysis report on Wednesday, October 12th. They set a “maintain” ranking and a $62.00 worth goal for the corporate. Lastly, KeyCorp decreased their worth goal on shares of Baxter Worldwide from $77.00 to $73.00 and set an “chubby” ranking for the corporate in a analysis report on Friday, October 28th. One equities analysis analyst has rated the inventory with a promote ranking, six have issued a maintain ranking and 7 have given a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, the inventory presently has a median ranking of “Maintain” and a median goal worth of $68.87.
Institutional Traders Weigh In On Baxter Worldwide
A lot of hedge funds have just lately modified their holdings of the corporate. Quent Capital LLC grew its holdings in shares of Baxter Worldwide by 8.7% within the third quarter. Quent Capital LLC now owns 2,504 shares of the medical devices provider’s inventory valued at $135,00Zero after buying a further 200 shares through the interval. Dorsey & Whitney Belief CO LLC grew its holdings in shares of Baxter Worldwide by 0.6% within the second quarter. Dorsey & Whitney Belief CO LLC now owns 43,404 shares of the medical devices provider’s inventory valued at $2,789,00Zero after buying a further 240 shares through the interval. Shoreline Belief Co boosted its stake in Baxter Worldwide by 0.9% through the second quarter. Shoreline Belief Co now owns 30,731 shares of the medical devices provider’s inventory value $1,973,00Zero after shopping for a further 272 shares through the interval. Quantbot Applied sciences LP boosted its stake in Baxter Worldwide by 1.1% through the third quarter. Quantbot Applied sciences LP now owns 24,656 shares of the medical devices provider’s inventory value $1,327,00Zero after shopping for a further 272 shares through the interval. Lastly, House Federal Financial institution of Tennessee boosted its stake in Baxter Worldwide by 1.7% through the second quarter. House Federal Financial institution of Tennessee now owns 16,155 shares of the medical devices provider’s inventory value $1,038,00Zero after shopping for a further 275 shares through the interval. Hedge funds and different institutional traders personal 84.69% of the corporate’s inventory.
Baxter Worldwide Buying and selling Down 2.3 %
The corporate has a debt-to-equity ratio of two.90, a present ratio of two.11 and a fast ratio of 1.38. The corporate has a market cap of $25.00 billion, a PE ratio of -10.69, a price-to-earnings-growth ratio of two.10 and a beta of 0.59. The corporate’s 50 day easy transferring common is $54.19 and its two-hundred day easy transferring common is $59.50.
Baxter Worldwide (NYSE:BAX – Get Rating) final posted its quarterly earnings information on Thursday, October 27th. The medical devices provider reported $0.82 EPS for the quarter, assembly the consensus estimate of $0.82. Baxter Worldwide had a damaging web margin of 16.12% and a optimistic return on fairness of 22.65%. The enterprise had income of $3.77 billion through the quarter, in comparison with analyst estimates of $3.77 billion. As a gaggle, sell-side analysts anticipate that Baxter Worldwide Inc. will submit 3.57 EPS for the present fiscal 12 months.
Baxter Worldwide Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Tuesday, January third. Traders of file on Friday, December 2nd will likely be issued a $0.29 dividend. The ex-dividend date is Thursday, December 1st. This represents a $1.16 annualized dividend and a yield of two.34%. Baxter Worldwide’s dividend payout ratio (DPR) is -24.58%.
About Baxter Worldwide
Baxter Worldwide Inc, by its subsidiaries, develops and supplies a portfolio of healthcare merchandise worldwide. The corporate provides peritoneal dialysis and hemodialysis, and extra dialysis therapies and companies; intravenous therapies, infusion pumps, administration units, and drug reconstitution gadgets; remixed and oncology drug platforms, inhaled anesthesia and demanding care merchandise and pharmacy compounding companies; parenteral diet therapies and associated merchandise; organic merchandise and medical gadgets utilized in surgical procedures for hemostasis, tissue sealing and adhesion prevention; and steady renal substitute therapies and different organ assist therapies centered within the intensive care unit.
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