Report
Michael Waterhouse
EUR 147.86 For Business Accounts Only

Baxter’s Strong Third-Quarter Results Show Evidence of Margin Expansion Potential

We anticipate a slight increase in our fair value estimate for Baxter International after the company reported particularly strong operating margin expansion during its third quarter. Although Baxter’s growth continues to mostly track our expectations, we plan to modestly lift our near- and long-term profitability assumptions and reduce our capital spending forecast. Management also increased its year-end adjusted EPS outlook to $1.88 to $1.91, which looks achievable after this quarter's strong ...
Underlying
Baxter International Inc.

Baxter International, through its subsidiaries, provides a portfolio of healthcare products, including acute and chronic dialysis therapies; sterile intravenous solutions; infusion systems and devices; parenteral nutrition therapies; inhaled anesthetics; generic injectable pharmaceuticals; and surgical hemostat and sealant products. These products are used by hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices and by patients at home under physician supervision. The company manages its business based on three geographic segments: Americas (North and South America), Europe, Middle East and Africa and Asia-Pacific.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Waterhouse

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