Praxair Inc. Reaches New 12-Month High at $132.85 (PX)
Praxair (NYSE:PX) set a new 52-week high during mid-day trading on Monday, AmericanBankingNews.com reports. The stock traded as high as $132.85 and last traded at $130.82, with a volume of 737,696 shares. The stock had previously closed at $132.49.
PX has been the subject of a number of recent research reports. Analysts at UBS AG initiated coverage on shares of Praxair in a research note to investors on Monday, November 25th. They set a “neutral” rating and a $125.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Praxair from $125.00 to $135.00 in a research note to investors on Tuesday, November 5th. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Praxair from $135.00 to $145.00 in a research note to investors on Friday, November 1st. They now have a “strong-buy” rating on the stock. Seven research 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 has a consensus rating of “Buy” and an average target price of $135.14.
Praxair has a 52 week low of $107.69 and a 52 week high of $132.55. The stock has a 50-day moving average of $127.2 and a 200-day moving average of $121.9. The company has a market cap of $38.503 billion and a price-to-earnings ratio of 23.41.
Praxair (NYSE:PX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.52 by $0.01. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Praxair will post $5.93 earnings per share for the current fiscal year.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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