How Analysts Feel About Baxter International Incorporated (NYSE:BAX) After Increase in Sellers?

December 8, 2017 - By Hazel Jackson

 How Analysts Feel About Baxter International Incorporated (NYSE:BAX) After Increase in Sellers?

Investors sentiment decreased to 0.92 in 2017 Q2. Its down 0.03, from 0.95 in 2017Q1. It is negative, as 52 investors sold Baxter International Inc. shares while 315 reduced holdings. 89 funds opened positions while 247 raised stakes. 444.08 million shares or 0.51% more from 441.85 million shares in 2017Q1 were reported.
Wesbanco Bancorp invested in 18,878 shares. First Quadrant L P Ca reported 556,861 shares stake. Investment Centers Of America stated it has 5,213 shares or 0.02% of all its holdings. First Allied Advisory Svcs reported 0.05% stake. Winslow Evans Crocker Inc has invested 0% in Baxter International Inc. (NYSE:BAX). Hartford Financial Mgmt invested in 0.39% or 14,532 shares. Signaturefd Limited Liability reported 4,574 shares or 0.04% of all its holdings. San Francisco Sentry Investment Gru (Ca) stated it has 0.25% in Baxter International Inc. (NYSE:BAX). Pggm Invs reported 429,968 shares stake. 9,600 are held by Crestpoint Capital Management Lc. Ipswich Invest Management Communication Inc has 73,481 shares. 5,200 are held by Athena Cap Advisors Lc. First Savings Bank Of Omaha stated it has 0.36% of its portfolio in Baxter International Inc. (NYSE:BAX). Bank Of The West stated it has 9,102 shares. Rockefeller Service holds 0.01% or 5,012 shares in its portfolio.

The stock of Baxter International Incorporated (NYSE:BAX) registered an increase of 6.47% in short interest. BAX’s total short interest was 5.54 million shares in December as published by FINRA. Its up 6.47% from 5.20M shares, reported previously. With 2.65 million shares average volume, it will take short sellers 2 days to cover their BAX’s short positions. The short interest to Baxter International Incorporated’s float is 1.12%.

The stock decreased 0.31% or $0.2 during the last trading session, reaching $63.52. About 2.79M shares traded or 14.97% up from the average. Baxter International Inc. (NYSE:BAX) has risen 32.55% since December 8, 2016 and is uptrending. It has outperformed by 15.85% the S&P500.

Baxter International Inc. provides a portfolio of renal and hospital products. The company has market cap of $34.61 billion. The firm operates through two divisions, Hospital Products and Renal. It has a 34 P/E ratio. The Hospital Products segment makes intravenous solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, parenteral nutrition therapies, infusion pumps, inhalation anesthetics, and biosurgery products.

Baxter International Inc. (NYSE:BAX) Ratings Coverage

Among 17 analysts covering Baxter International (NYSE:BAX), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Baxter International has $73 highest and $33 lowest target. $60.92’s average target is -4.09% below currents $63.52 stock price. Baxter International had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Wednesday, July 26 by RBC Capital Markets. The stock of Baxter International Inc. (NYSE:BAX) earned “Buy” rating by BMO Capital Markets on Wednesday, October 11. The firm earned “Overweight” rating on Monday, November 16 by Piper Jaffray. The firm earned “Sector Perform” rating on Thursday, April 27 by RBC Capital Markets. Barclays Capital maintained Baxter International Inc. (NYSE:BAX) rating on Thursday, July 27. Barclays Capital has “Overweight” rating and $70 target. Morgan Stanley maintained Baxter International Inc. (NYSE:BAX) on Thursday, October 26 with “Equal-Weight” rating. The firm earned “Hold” rating on Monday, October 2 by RBC Capital Markets. Barclays Capital initiated Baxter International Inc. (NYSE:BAX) rating on Thursday, September 15. Barclays Capital has “Overweight” rating and $52 target. The company was maintained on Friday, April 28 by BMO Capital Markets. Citigroup initiated it with “Hold” rating and $63.0 target in Thursday, August 17 report.

More recent Baxter International Inc. (NYSE:BAX) news were published by: Investorplace.com which released: “Outstanding Analytics for Earnings Momentum Make Baxter International (BAX) a …” on December 05, 2017. Also Nasdaq.com published the news titled: “Baxter International Inc. (BAX) Ex-Dividend Date Scheduled for November 30, 2017” on November 29, 2017. Businesswire.com‘s news article titled: “Baxter to Present at the BMO Capital Markets Prescriptions for Success …” with publication date: December 04, 2017 was also an interesting one.

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