Praxair Rating Reiterated by KeyCorp (PX)
Praxair (NYSE:PX)‘s stock had its “buy” rating restated by equities researchers at KeyCorp in a research report issued on Wednesday. They currently have a $144.00 target price on the stock, up from their previous target price of $140.00. KeyCorp’s price objective points to a potential upside of 8.55% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $142.21.
Praxair (NYSE:PX) traded up 0.66% on Wednesday, hitting $133.53. 508,650 shares of the company’s stock traded hands. Praxair has a 52-week low of $115.76 and a 52-week high of $135.24. The stock has a 50-day moving average of $132. and a 200-day moving average of $130.4. The company has a market cap of $39.115 billion and a P/E ratio of 21.82.
Praxair (NYSE:PX) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.51 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.38 earnings per share. Praxair’s revenue was up 4.8% compared to the same quarter last year. 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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