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Baxter International (NYSE:BAX) stock has reached a new 52-week low, trading at 23.64 USD. This milestone reflects a significant downturn for the company, which has seen its stock price decline by 22.1% over the past year. Despite the challenges, InvestingPro data shows the healthcare equipment giant maintains a solid current ratio of 2.02 and has sustained dividend payments for 55 consecutive years. The healthcare company’s performance has been under scrutiny as market conditions and internal challenges have contributed to its declining stock value. While the company posted negative earnings in the last twelve months, InvestingPro analysts forecast a return to profitability this year, with revenue growth of 15.36%. Investors are closely monitoring Baxter’s strategic responses to these pressures, as the company seeks to navigate this challenging period and restore confidence in its financial health. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, suggesting potential upside for patient investors.
In other recent news, Baxter International announced the appointment of Andrew Hider as its new CEO, effective by September 2025. This leadership change has prompted Goldman Sachs to reiterate its Conviction Buy rating with a price target of $37.00, while Citi and BofA Securities have maintained their Neutral ratings with price targets of $34.00 and $40.00, respectively. UBS also kept its Neutral rating, setting a $35.00 price target, as the company continues to navigate its CEO transition. Additionally, Baxter has secured a $2.2 billion credit agreement, enhancing its borrowing capacity from a previously established $2 billion facility. This new five-year agreement allows for borrowing in multiple currencies and provides an option to increase the total commitment to $3.3 billion. The agreement replaces a €200 million credit facility that was terminated. Baxter’s recent developments reflect its strategic efforts to maintain growth and financial flexibility.
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