Praxair (PX) Earning Somewhat Favorable Media Coverage, Accern Reports
Headlines about Praxair (NYSE:PX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Praxair earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.8839711184607 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
PX has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $168.00 in a research report on Monday, October 30th. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Monday, November 6th. Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research report on Monday, November 13th. Finally, Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and upped their target price for the company from $155.00 to $175.00 in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $159.86.
Shares of Praxair (NYSE:PX) traded up $0.34 on Friday, hitting $164.15. 2,639,633 shares of the stock traded hands, compared to its average volume of 1,940,422. The firm has a market capitalization of $47,000.00, a PE ratio of 29.21, a PEG ratio of 2.22 and a beta of 1.00. Praxair has a 1-year low of $115.53 and a 1-year high of $166.08. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91.
Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. equities research analysts forecast that Praxair will post 5.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, December 7th were given a dividend of $0.7875 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $3.15 annualized dividend and a dividend yield of 1.92%. Praxair’s dividend payout ratio is presently 56.05%.
In other news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now owns 16,697 shares of the company’s stock, valued at $1,957,890.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
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Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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