Praxair Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:PX)
Praxair (NYSE:PX) has received an average rating of “Buy” from the fifteen ratings firms that are covering the stock, AR Network reports. Six investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $142.08.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Praxair in a research note on Monday. They now have a $140.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Praxair in a research note on Thursday, April 24th. They now have a $142.00 price target on the stock.
Shares of Praxair (NYSE:PX) traded down 0.13% on Tuesday, hitting $132.83. The stock had a trading volume of 128,017 shares. Praxair has a 52-week low of $115.43 and a 52-week high of $135.24. The stock has a 50-day moving average of $132.0 and a 200-day moving average of $130.. The company has a market cap of $38.910 billion and a price-to-earnings ratio of 21.87.
Praxair (NYSE:PX) last announced its earnings results on Wednesday, April 23rd. The company reported $1.51 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.51. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Praxair will post $6.44 earnings per share for the current fiscal year.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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