Praxair Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:PX)
Shares of Praxair (NYSE:PX) have earned a consensus rating of “Buy” from the fifteen brokerages that are covering the company, Analyst Ratings.Net reports. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $142.08.
A number of analysts have recently weighed in on PX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Praxair in a research note on Monday, July 7th. 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.
Praxair (NYSE:PX) opened at 131.59 on Tuesday. Praxair has a 52-week low of $115.43 and a 52-week high of $135.24. The stock’s 50-day moving average is $132.2 and its 200-day moving average is $130.4. The company has a market cap of $38.547 billion and a price-to-earnings ratio of 21.69.
Praxair (NYSE:PX) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.51 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Praxair will post $6.44 EPS for the current fiscal year.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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