Praxair, Inc. (NYSE:PX) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other research analysts have also weighed in on PX. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research report on Friday, April 21st. Barclays PLC raised their price objective on Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $162.00 price objective (up previously from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Finally, Vertical Group raised Praxair to a “hold” rating and raised their price objective for the company from $123.00 to $127.00 in a research report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $135.00.

Shares of Praxair (NYSE PX) opened at 133.59 on Thursday. The stock’s 50 day moving average price is $132.41 and its 200 day moving average price is $125.86. Praxair has a 12-month low of $114.43 and a 12-month high of $138.69. The company has a market cap of $38.21 billion, a P/E ratio of 25.02 and a beta of 0.93.

Praxair (NYSE:PX) last released its earnings results on Thursday, July 27th. The basic materials company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts forecast that Praxair will post $5.47 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. ARGI Investment Services LLC increased its position in Praxair by 0.3% in the first quarter. ARGI Investment Services LLC now owns 2,007 shares of the basic materials company’s stock valued at $238,000 after buying an additional 6 shares during the period. Joel Isaacson & Co. LLC increased its position in Praxair by 0.3% in the third quarter. Joel Isaacson & Co. LLC now owns 2,022 shares of the basic materials company’s stock valued at $244,000 after buying an additional 7 shares during the period. Guardian Life Insurance Co. of America increased its position in Praxair by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,101 shares of the basic materials company’s stock valued at $131,000 after buying an additional 8 shares during the period. Quadrant Capital Group LLC increased its position in Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the basic materials company’s stock valued at $126,000 after buying an additional 11 shares during the period. Finally, Capital Management Corp VA increased its position in Praxair by 0.6% in the second quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock valued at $248,000 after buying an additional 11 shares during the period. Institutional investors own 84.86% of the company’s stock.

Praxair Company Profile

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Analyst Recommendations for Praxair (NYSE:PX)

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