Evercore analyst Vijay Kumar maintains $Baxter International Inc (BAX.US)$ with a buy rating, and maintains the target price at $45.
According to TipRanks data, the analyst has a success rate of 54.8% and a total average return of 4.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Baxter International Inc (BAX.US)$'s main analysts recently are as follows:
Baxter's recent quarterly earnings report showcased sales figures that met expectations, alongside EPS that exceeded predictions. Nevertheless, the company's performance in the third quarter and subsequent discussions revealed complexities, notably stemming from hurricane-induced disruptions at the North Cove manufacturing facility. Such events in late Q3 have significantly influenced the fourth quarter, resulting in sales and EPS forecasts that fall short of previous consensus. Despite these challenges, there is a substantial degree of optimism about the company's growth potential, specifically anticipating operational sales growth of 4%-5% year-over-year and targeting an adjusted operating margin of 16.5% by 2025 for the RemainCo business excluding the Kidney division.
Post-earnings, it is believed that clarifying the impact of stranded costs will bolster confidence in Baxter's capability to achieve its operating margin goal. It is also thought that there is a measure of caution factored into the financial projections for the coming years.
The firm expressed that Baxter remains optimistic about its outlook for 2025, with expectations of 4%-5% operational sales growth and a 16.5% operating margin. The firm's calculations suggest that the 2025 earnings per share for RemainCo could be $2.52.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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