Praxair (PX) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Praxair (NYSE: PX):

  • 1/31/2018 – Praxair had its “hold” rating reaffirmed by analysts at Seaport Global Securities. They now have a $165.00 price target on the stock.
  • 1/26/2018 – Praxair had its price target raised by analysts at SunTrust Banks, Inc. to $185.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Praxair had its price target raised by analysts at Barclays PLC from $160.00 to $170.00. They now have an “equal weight” rating on the stock.
  • 1/26/2018 – Praxair had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $188.00 price target on the stock.
  • 1/25/2018 – Praxair was downgraded by analysts at TheStreet from an “a-” rating to a “c+” rating.
  • 1/24/2018 – Praxair was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $178.00 price target on the stock. According to Zacks, “In the last three months, Praxair's shares have outperformed the industry. We believe that the company is poised to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017 (results not yet released), the company anticipates earnings to be $5.78-$5.83 per share, reflecting 12 cents increase at mid-point compared with the previous guidance of $5.63-$5.75. Also, the company's merger with Linde will create a leading industrial gas company with a strong international presence, a large customer base and solid financial flexibility. Earnings estimates on the stock increased for 2018 in the last 60 days.”
  • 1/23/2018 – Praxair had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 1/23/2018 – Praxair was downgraded by analysts at UBS Group AG from a “strong-buy” rating to an “outperform” rating.
  • 1/18/2018 – Praxair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last three months, Praxair's shares have outperformed the industry. We believe that the company is poised to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017 (results not yet released), the company anticipates earnings to be $5.78-$5.83 per share, reflecting 12 cents increase at mid-point compared with the previous guidance of $5.63-$5.75. Also, the company's merger with Linde will create a leading industrial gas company. However, the company's exposure to risks arising from higher production costs, stiff competition, high debt levels, geopolitical issues and from unfavorable movements in foreign currencies might adversely impact its financials in the near term. Lingering impact of hurricanes will adversely impact fourth quarter earnings by 2 cents.”
  • 1/11/2018 – Praxair was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $182.00 price target on the stock. According to Zacks, “In the last three months, Praxair's shares have outperformed the industry. We believe that the company is poised to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017 (results not yet released), the company anticipates earnings to be within $5.78-$5.83 per share, reflecting 12 cents increase at mid-point compared with the previous guidance of $5.63-$5.75. Also, the company's merger with Linde will create a leading industrial gas company with a strong international presence, a large customer base and solid financial flexibility. Earnings estimates on the stock increased for 2018 in the last 60 days.”
  • 1/8/2018 – Praxair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last three months, Praxair's shares have outperformed the industry. We believe that the company is poised to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017 (results not yet released), the company anticipates earnings to be $5.78-$5.83 per share, reflecting 12 cents increase at mid-point compared with the previous guidance of $5.63-$5.75. Also, the company's merger with Linde will create a leading industrial gas company. However, the company's exposure to risks arising from higher production costs, stiff competition, high debt levels, geopolitical issues and from unfavorable movements in foreign currencies might adversely impact its financials in the near term. Lingering impact of hurricanes will adversely impact fourth quarter earnings by 2 cents.”
  • 1/5/2018 – Praxair was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $176.00 price target on the stock. According to Zacks, “In the last three months, Praxair's shares have outperformed the industry. We believe that the company is poised to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017 (results not yet released), the company anticipates earnings to be within $5.78-$5.83 per share, reflecting 12 cents increase at mid-point compared with the previous guidance of $5.63-$5.75. Also, the company's merger with Linde will create a leading industrial gas company with a strong international presence, a large customer base and solid financial flexibility. Earnings estimates on the stock increased for 2018 in the last 60 days.”
  • 12/26/2017 – Praxair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last three months, Praxair's shares have outperformed the industry. We believe that the company is poised to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017, the company raised its earnings guidance to $5.78-$5.83, reflecting 12 cents increase at mid-point compared with the previous guidance of $5.63-$5.75. Also, the company's merger with Linde will create a leading industrial gas company with a strong international presence, a large customer base and solid financial flexibility. However, the company's exposure to risks arising from higher production costs, stiff competition, high debt levels, geopolitical issues and from unfavorable movements in foreign currencies might adversely impact its financials in the near term. Lingering impact of hurricanes will adversely impact fourth quarter earnings by 2 cents.”
  • 12/19/2017 – Praxair was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $175.00 price target on the stock, up previously from $155.00.
  • 12/15/2017 – Praxair had its price target raised by analysts at UBS Group AG to $176.00. They now have a “buy” rating on the stock.

Praxair, Inc. (NYSE:PX) opened at $149.48 on Monday. The firm has a market capitalization of $42,800.00, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. Praxair, Inc. has a 1-year low of $115.67 and a 1-year high of $166.95.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This is a boost from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.21%. Praxair’s payout ratio is 72.92%.

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.

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