Baxter International Inc. (BAX): Today's Featured Health Services Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Baxter International fell $0.81 (-1.1%) to $72.81 on average volume. Throughout the day, 2,644,831 shares of Baxter International exchanged hands as compared to its average daily volume of 3,295,600 shares. The stock ranged in price between $72.63-$73.58 after having opened the day at $73.40 as compared to the previous trading day's close of $73.62. Other companies within the Health Services industry that declined today were:
(
), down 6.4%,
(
), down 5.8%,
(
), down 5.4% and
(
), down 4.6%.
Baxter International Inc., through its subsidiaries, develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. Baxter International has a market cap of $40.3 billion and is part of the health care sector. Shares are up 11.4% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Baxter International a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Baxter International
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Baxter International Ratings Report.
On the positive front,
(
), up 12.7%,
(
), up 12.6%,
(
), up 7.4% and
(
), up 7.4% , were all gainers within the health services industry with
(
) being today's featured health services industry leader.
- Use our health services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider
Health Care Select Sector SPDR
(
) while those bearish on the health services industry could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
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