Praxair (NYSE:PX) has been given a $186.00 price objective by equities researchers at Jefferies Group in a research report issued on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Jefferies Group’s target price indicates a potential upside of 22.85% from the stock’s current price.

Several other analysts also recently weighed in on the company. J P Morgan Chase & Co upped their price target on Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. Argus upgraded Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Monday, November 13th. Susquehanna Bancshares upped their price target on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Monday, November 6th. Finally, Citigroup upgraded Praxair from a “neutral” rating to a “buy” rating and upped their price target for the stock from $137.00 to $168.00 in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $156.15.

Praxair (NYSE:PX) opened at $151.41 on Monday. Praxair has a twelve month low of $115.00 and a twelve month high of $156.40. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $43,350.00, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00.

Praxair (NYSE:PX) last posted its earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 EPS. sell-side analysts expect that Praxair will post 5.81 earnings per share for the current fiscal year.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the transaction, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PX. Parallel Advisors LLC lifted its holdings in shares of Praxair by 19.1% during the 2nd quarter. Parallel Advisors LLC now owns 768 shares of the basic materials company’s stock valued at $100,000 after buying an additional 123 shares during the period. Kistler Tiffany Companies LLC lifted its holdings in shares of Praxair by 149.8% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock valued at $100,000 after buying an additional 430 shares during the period. BB&T Investment Services Inc. bought a new position in shares of Praxair during the 2nd quarter valued at $106,000. Tortoise Investment Management LLC lifted its holdings in shares of Praxair by 3.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock valued at $110,000 after buying an additional 31 shares during the period. Finally, Pacific Center for Financial Services lifted its holdings in shares of Praxair by 65.7% during the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock valued at $119,000 after buying an additional 356 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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About Praxair

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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