Company Update: Baxter International Inc (NYSE:BAX) – Baxter-Supported Community Partnership in India Launches Mobile Health Application to Expand Healthcare for Women and Children

[Business Wire] – DEERFIELD, Ill.–(BUSINESSWIRE)– Baxter International Inc. ( NYSE:BAX – News) and the Baxter International Foundation, the company’s philanthropic arm, continued to advance access to healthcare through a recent collaboration with World Vision India to develop a mobile health application. Baxter and the Baxter International Foundation, in conjunction with Bangalore’s Health Department and World Vision India, launched a mobile health application that allows community health workers to better monitor the health status of underprivileged women, during and post-pregnancy, and the immunization of children two and under among 17 impoverished areas in Bangalore. Read more on this. Baxter International Inc. (BAX) , valued at $23.52B, started the session at $42.81. Looking at today’s trading action, the company’s one day range from $42.35 to $42.98 and has traded between $32.18 and $43.44 over the past 12 months. BAX shares are currently priced at 28.04x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -2.06x earnings multiple for the same period. The company pays shareholders $0.46 per share annually in dividends, yielding 1.10%. According to a consensus of 14 analysts, the earnings estimate of $0.29 per share would be $0.05 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.51 is a $0.13 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.35 Billion. If reported, that would be a 37.50% decrease over the year-ago quarter. More recently, Leerink Partners downgraded BAX from Outperform to Mkt Perform (Jul 30, 2015). Previously, BofA/Merrill downgraded BAX from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $40.60, which is 5.16% below where the stock opened this morning. See more in (NYSE:BAX) Similar Articles: Company Update: Baxter International Inc (NYSE:BAX) – Baxter International to Host 2016 Investor Conference Company Update: Baxter International Inc (NYSE:BAX) – Baxter International Inc. to Host First Quarter 2016 Financial Results Webcast/Conference Call for Investors Company Update: Baxter International Inc (NYSE:BAX) – Baxter to Present at The Leerink Partners 5th Annual Global Healthcare Conference