With the medical industry booming, Baxter International is a top stock to watch

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Baxter International ($NYSE:BAX) is a top stock to watch for investors interested in the medical industry. The company’s products are used in a wide variety of settings, from hospitals and clinics to home care. And with the aging population, the demand for Baxter’s products is only going to continue to grow.

Market Price

At the time of writing, news sentiment is mostly positive. On Monday, BAXTER INTERNATIONAL stock opened at $56.9 and closed at $56.4.

VI Analysis

Its fundamentals reflect its long term potential, but the company faces some risks that investors should be aware of. The company has a strong balance sheet and cash flow, but there are some risks associated with its business model. The company is heavily reliant on government contracts, which could be at risk if budget cuts are made.

Additionally, the company’s products are subject to regulation, which could become stricter in the future. The company has a high risk rating from VI, with four risk warnings in the areas of balance sheet, cash flow, non-financial, and financial journal. Investors should be aware of these risks before investing.

VI Peers

Baxter International Inc is a large medical device company. Its main competitors are Utah Medical Products Inc, Clarity Medical Group Holding Ltd, and Merit Medical Systems Inc.

– Utah Medical Products Inc ($NASDAQ:UTMD)

The company’s market cap is $313.74 million and its ROE is 11.43%. Utah Medical Products, Inc. engages in the design, manufacture, and marketing of medical devices. It operates through the following segments: Pregnancy & Newborn, Patient Care, and Animal Health. The Pregnancy & Newborn segment offers a line of products used by obstetricians, gynecologists, and neonatal caregivers for the health and well-being of pregnant women and their babies. The Patient Care segment provides a line of products used by hospitals, clinics, and home healthcare providers for the treatment of respiratory and other conditions. The Animal Health segment offers a line of products used by veterinarians for the health and well-being of animals.

– Clarity Medical Group Holding Ltd ($SEHK:01406)

According to Clarity Medical Group Holding Ltd’s market cap as of 2022, the company is worth 599.47 million. Clarity Medical Group Holding Ltd is a Medical Group that provides healthcare services. The company was founded in 2014 and is headquartered in Hong Kong.

– Merit Medical Systems Inc ($NASDAQ:MMSI)

Medstronic is a medical device company that manufactures and sells a variety of medical devices and equipment. The company has a market cap of 3.29B as of 2022 and a ROE of 5.86%. Medtronic’s products are used in a variety of medical procedures, including cardiac surgery, vascular surgery, and neurology.

Summary

Baxter International is a medical device company that develops and manufactures products for a variety of medical specialties, including renal care, immunology, critical care, and surgery. The company’s products are used by hospitals, clinics, and home healthcare providers around the world. Investors interested in Baxter International may be attracted to the company’s strong financial performance. These factors make Baxter International an attractive investment option for many investors.