Stock Update: Baxter International Inc (NYSE:BAX) – Baxter Announces Final Results of Baxalta Exchange Offer

[Business Wire] – Baxter International Inc. announced today the final results of Baxter’s previously announced offer to exchange up to 13,360,527 shares of common stock of Baxalta Incorporated owned by Baxter for shares of Baxter common stock. Read more on this. Baxter International Inc. (BAX) , currently valued at $24.11B, started the session at $42.82. Today, shares have traded between $42.79 and $43.92 per share with its 52-week range being $32.18 to $46.95. Priced at 26.04x this year’s forecasted earnings, BAX shares are relatively expensive compared to the industry’s 12.55x forward p/e ratio. And for passive income investors, the company pays shareholders $0.52 per share annually in dividends, yielding 1.21%. According to a consensus of 15 analysts, the earnings estimate of $0.39 per share would be $0.20 better than the year-ago quarter and a $0.04 sequential increase. Investors should also note that the full-year EPS estimate of $1.64 is a $0.26 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.51 Billion. If realized, that would be a 35.48% decrease over the year-ago quarter. Recently, Piper Jaffray upgraded BAX from Neutral to Overweight (Apr 14, 2016). Previously, Leerink Partners downgraded BAX from Outperform to Mkt Perform. When considering if perhaps the stock is under or overvalued, the average price target is $48.82, which is 14.01% above where the stock opened this morning. See more in (NYSE:BAX) Similar Articles: Stock Update: Baxter International Inc (NYSE:BAX) – Baxter Announces Preliminary Results of Baxalta Exchange Offer Market Update (NYSE:BAX): Baxter Announces Final Exchange Ratio of 1.1591 for Baxalta Exchange Offer Company Update: Baxter International Inc (NYSE:BAX) – Baxter Initiates Offer to Exchange Shares of Baxter for Shares of Baxalta