Praxair, Inc. (NYSE:PX)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a report released on Thursday. They currently have a $162.00 target price on the basic materials company’s stock. Jefferies Group LLC’s target price points to a potential upside of 13.18% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Praxair from a “sell” rating to a “buy” rating and set a $148.00 price target for the company in a report on Monday, July 31st. BidaskClub upgraded Praxair from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. KeyCorp reiterated a “hold” rating on shares of Praxair in a research report on Sunday, September 3rd. Susquehanna Bancshares Inc upgraded Praxair from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $131.00 to $155.00 in a research report on Thursday, September 7th. Finally, UBS AG upgraded Praxair from a “neutral” rating to a “positive” rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $138.00.

Shares of Praxair (NYSE:PX) traded up 1.94% during trading on Thursday, reaching $143.14. 1,185,623 shares of the company were exchanged. The stock has a market capitalization of $40.94 billion, a P/E ratio of 26.81 and a beta of 0.95. Praxair has a 52-week low of $114.43 and a 52-week high of $143.14. The stock has a 50-day moving average of $138.13 and a 200 day moving average of $132.02.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (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 business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Praxair will post $5.47 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new position in shares of Praxair during the 1st quarter worth about $233,000. Capital Management Corp VA grew its position in shares of Praxair by 0.6% during the 2nd quarter. Capital Management Corp VA now owns 1,871 shares of the basic materials company’s stock worth $248,000 after buying an additional 11 shares during the period. Federated Investors Inc. PA grew its position in shares of Praxair by 47.3% during the 2nd quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock worth $1,333,000 after buying an additional 3,228 shares during the period. Seven Eight Capital LP acquired a new position in shares of Praxair during the 2nd quarter worth about $1,286,000. Finally, Mosaic Family Wealth LLC grew its position in shares of Praxair by 6.3% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock worth $173,000 after buying an additional 77 shares during the period. Institutional investors own 85.30% 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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