Praxair Inc. Reaches New 12-Month High at $122.48 (PX)
Praxair (NYSE:PX) set a new 52-week high during trading hours on Monday, ARN reports. The company traded as high as $122.48 and last traded at $122.06, with a volume of 657,680 shares. The stock had previously closed at $120.47.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Praxair (NYSE:PX) from $134.00 to $137.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Praxair (NYSE:PX) in a research note to investors on Monday, July 29th. They now have a $125.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Praxair (NYSE:PX) from $113.00 to $133.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock.
Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $130.09.
Praxair has a 52 week low of $102.79 and a 52 week high of $121.86. The stock’s 50-day moving average is $118.9 and its 200-day moving average is $115.. The company has a market cap of $36.033 billion and a price-to-earnings ratio of 21.51.
Praxair (NYSE:PX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Praxair will post $5.95 EPS for the current fiscal year.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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