Praxair, Inc. (PX) Given Consensus Recommendation of “Buy” by Analysts

Shares of Praxair, Inc. (NYSE:PX) have been given an average recommendation of “Buy” by the nineteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $162.57.

A number of research analysts recently weighed in on PX shares. Susquehanna Bancshares raised their price objective on Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and raised their price objective for the company from $155.00 to $175.00 in a research report on Tuesday, December 19th. UBS Group raised their price objective on Praxair to $176.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Jefferies Group set a $186.00 price objective on Praxair and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Argus upgraded Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a research note on Monday, November 13th.

Praxair (NYSE:PX) opened at $153.75 on Tuesday. Praxair has a 52-week low of $115.67 and a 52-week high of $166.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The firm has a market capitalization of $44,020.00, a P/E ratio of 35.59, a P/E/G ratio of 1.95 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.15%. This is an increase from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, March 6th. Praxair’s dividend payout ratio (DPR) is currently 72.92%.

A number of institutional investors and hedge funds have recently modified their holdings of PX. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Praxair by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after buying an additional 2,489 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Praxair by 1.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after buying an additional 12,173 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Praxair by 14.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after buying an additional 962 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Praxair by 81.9% in the 3rd quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after buying an additional 21,333 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Praxair by 2.7% in the 3rd quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after buying an additional 949 shares during the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/13/praxair-inc-px-given-consensus-recommendation-of-buy-by-analysts.html.

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)

Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply