BGC Financial Increases Praxair Price Target to $145.00 (PX)
BGC Financial raised their price objective on shares of Praxair (NYSE:PX) from $135.00 to $145.00 in a research note issued on Monday, Analyst RN reports. The firm currently has a “buy” rating on the stock. BGC Financial’s target price suggests a potential upside of 16.20% from the company’s current price.
PX has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Praxair from $137.00 to $140.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $133.58.
Praxair (NYSE:PX) traded down 0.12% on Monday, hitting $124.79. 595,585 shares of the company’s stock traded hands. Praxair has a one year low of $102.79 and a one year high of $125.00. The stock has a 50-day moving average of $120.8 and a 200-day moving average of $117.0. The company has a market cap of $36.793 billion and a P/E ratio of 22.31.
Praxair (NYSE:PX) last released its earnings data on Wednesday, July 24th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters 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.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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