Baxter International Inc (BAX) is Initiated by Wells Fargo to Outperform

Baxter International Inc (BAX) was Initiated by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Baxter International Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

On the company’s financial health, Baxter International Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.40. The company had revenue of $2585.00 million for the quarter, compared to analysts expectations of $2516.16 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Baxter International Inc closed down -1.29 points or -2.67% at $47.01 with 28,86,483 shares getting traded on Tuesday. Post opening the session at $48.14, the shares hit an intraday low of $46.7 and an intraday high of $48.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 24, 2016, Jose E Almeida (CEO) purchased 11,691 shares at $42.75 per share price. According to the SEC, on May 4, 2016, John D Forsyth (director) sold 1,887 shares at $44.38 per share price. On Mar 15, 2016, Albert P L Stroucken (director) sold 5,660 shares at $40.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Baxter International Inc. (Baxter) is a diversified healthcare company. The Company operates in two segments: BioScience segment which include three commercial franchises: Hemophilia BioTherapeutics and BioSurgery and Medical Products segment which include four commercial franchises: Fluid Systems Renal Specialty Pharmaceuticals and BioPharma Solutions. Its BioScience processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies alpha-1 antitrypsin deficiency burns and shock and other chronic and acute blood-related conditions and biosurgery products. Its Medical Products manufactures intravenous (IV) solutions and administration sets premixed drugs and drug-reconstitution systems pre-filled vials and syringes for injectable drugs IV nutrition products infusion pumps and inhalation anesthetics. Its products are used in hospitals kidney dialysis centers and nursing homes among others.

Baxter International Inc

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