Robert W. Baird Increases Praxair Price Target to $142.00 (PX)
Robert W. Baird boosted their price target on shares of Praxair (NYSE:PX) from $129.00 to $142.00 in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 16.96% from the stock’s previous close.
A number of other firms have also recently commented on PX. 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. Separately, analysts at Oppenheimer raised their price target on shares of Praxair (NYSE:PX) from $135.00 to $137.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating 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 analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $131.25.
Praxair (NYSE:PX) traded up 1.09% on Friday, hitting $121.41. 659,206 shares of the company’s stock traded hands. Praxair has a 1-year low of $102.79 and a 1-year high of $124.41. The stock has a 50-day moving average of $119.3 and a 200-day moving average of $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 last year, the company posted $1.42 earnings per share. Praxair’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Praxair will post $5.95 earnings per share for the current fiscal year.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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