Praxair Price Target Increased to $140.00 by Analysts at Jefferies Group (PX)
Research analysts at Jefferies Group hoisted their price objective on shares of Praxair (NYSE:PX) from $137.00 to $140.00 in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 13.66% from the stock’s previous close.
A number of other firms have also recently commented on PX. Analysts at Zacks reiterated a “neutral” rating on shares of Praxair in a research note to investors on Monday, October 7th. They now have a $127.00 price target on the stock. Separately, analysts at Oppenheimer reiterated a “buy” rating on shares of Praxair in a research note to investors on Friday, October 4th. They now have a $137.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Praxair from $129.00 to $142.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $131.67.
Praxair (NYSE:PX) traded up 1.71% on Wednesday, hitting $123.17. The stock had a trading volume of 771,154 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 $119.9 and its 200-day moving average is $116.6. The company has a market cap of $36.316 billion and a price-to-earnings ratio of 21.62.
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. 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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