Praxair, Inc. (PX) Receives Consensus Recommendation of “Hold” from Analysts
Praxair, Inc. (NYSE:PX) has been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $158.15.
PX has been the topic of a number of research reports. Susquehanna Bancshares raised their price target on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $175.00 in a research note on Tuesday, December 19th. UBS Group raised their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Jefferies Group set a $186.00 price target on shares of Praxair and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Argus raised shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Monday, November 13th.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the transaction, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Kistler Tiffany Companies LLC increased its holdings in shares of Praxair by 149.8% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock worth $100,000 after buying an additional 430 shares during the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Praxair during the 2nd quarter worth approximately $106,000. Accident Compensation Corp acquired a new stake in shares of Praxair during the 3rd quarter worth approximately $140,000. Harfst & Associates Inc. increased its holdings in shares of Praxair by 43.7% during the 2nd quarter. Harfst & Associates Inc. now owns 1,086 shares of the basic materials company’s stock worth $143,000 after buying an additional 330 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA increased its holdings in Praxair by 2,171.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 977 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.
Praxair (NYSE:PX) opened at $161.50 on Friday. The firm has a market cap of $46,240.00, a PE ratio of 28.74, a P/E/G ratio of 2.23 and a beta of 1.00. Praxair has a 12 month low of $115.53 and a 12 month high of $166.08. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22.
Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. Praxair’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. equities analysts anticipate that Praxair will post 5.81 earnings per share for the current fiscal year.
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Praxair Company Profile
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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