Praxair Receives Consensus Recommendation of “Buy” from Analysts (NYSE:PX)
Praxair (NYSE:PX) has received an average rating of “Buy” from the seventeen ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $142.38.
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 Thursday, July 31st. They now have a $136.00 price target on the stock. Separately, analysts at First Analysis upgraded shares of Praxair from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 31st. They now have a $155.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Praxair in a research note on Thursday, July 24th. They now have a $136.00 price target on the stock, up previously from $134.00.
Praxair (NYSE:PX) opened at 129.58 on Monday. 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 $130.6 and a 200-day moving average of $130.3. The company has a market cap of $37.841 billion and a P/E ratio of 21.04.
Praxair (NYSE:PX) last released its earnings data on Wednesday, July 23rd. The company reported $1.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.59 by $0.01. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company posted $1.49 earnings per share. Praxair’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Praxair will post $6.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, September 4th.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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