Shares of Baxter International Inc. (NYSE:BAX) traded today at $89.13, eclipsing its 52-week high. So far today approximately 206,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.
Baxter International Inc. (NYSE:BAX) defies analysts with a current price ($89.00) 11.2% above its average consensus price target of $79.02.
In the past 52 weeks, shares of Baxter International Inc. have traded between a low of $73.12 and a high of $89.13 and is now at $89.00, which is 22% above that low price.
Baxter manufactures medical products across seven major reported business segments. The renal segment (32% of 2020 sales) includes peritoneal dialysis and hemodialysis products for chronically ill patients while the acute therapies segment (6%) offers kidney or other organ support tools in intensive care situations. The medication delivery segment (23% of sales) sells IV pumps, administrative sets, and solutions while the nutrition segment (8% of sales) offers parenteral nutrition therapies. The pharmaceuticals segment (18% of sales) offers injectable drugs, anesthetic gases, and compounding services. The advanced surgery segment (8% of sales) provides hemostatic products and biosurgical sealants. Contract manufacturing rounds out the remaining sales.
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