Praxair (PX) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Praxair (NYSE:PX) posted its quarterly earnings results on Wednesday. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by $0.01, American Banking & Market News reports. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.16 billion.
Praxair (NYSE:PX) opened at 131.69 on Wednesday. Praxair has a 52-week low of $115.79 and a 52-week high of $135.24. The stock has a 50-day moving average of $132.3 and a 200-day moving average of $130.5. The company has a market cap of $38.576 billion and a P/E ratio of 21.62.
A number of analysts have recently weighed in on PX shares. Analysts at KeyCorp reiterated a “buy” rating on shares of Praxair in a research note on Wednesday, July 16th. They now have a $144.00 price target on the stock, up previously from $140.00. On the ratings front, 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 Zacks reiterated a “neutral” rating on shares of Praxair in a research note on Tuesday, April 29th. They now have a $136.00 price target on the stock. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Praxair has a consensus rating of “Buy” and a consensus target price of $142.21.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.