Praxair Rating Reiterated by Oppenheimer (PX)
Praxair (NYSE:PX)‘s stock had its “buy” rating restated by research analysts at Oppenheimer in a report released on Friday, American Banking & Market News reports. They currently have a $137.00 price target on the stock. Oppenheimer’s target price points to a potential upside of 12.84% from the company’s current price.
Praxair (NYSE:PX) traded up 1.09% during mid-day trading on Friday, hitting $121.41. The stock had a trading volume of 659,206 shares. Praxair has a 52 week low of $102.79 and a 52 week high of $124.41. The stock’s 50-day moving average is $119.3 and its 200-day moving average is $116.1. The company has a market cap of $35.797 billion and a P/E ratio of 21.45.
Praxair (NYSE:PX) last released its 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 previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Praxair will post $5.95 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Praxair (NYSE:PX) from $129.00 to $142.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Praxair (NYSE:PX) in a research note to investors on Tuesday, September 17th. They now have a $125.00 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $131.25.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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