Praxair (NYSE:PX) had its target price increased by stock analysts at Barclays from $160.00 to $170.00 in a research report issued to clients and investors on Friday. The firm presently has an “equal weight” rating on the basic materials company’s stock. Barclays’ price target indicates a potential upside of 2.60% from the company’s current price.
Several other brokerages have also issued reports on PX. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and set a $162.00 price target on shares of Praxair in a research note on Thursday, October 19th. JPMorgan Chase & Co. upped their price target on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. UBS Group lowered Praxair from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday. Finally, Citigroup reaffirmed a “buy” rating and set a $188.00 price target on shares of Praxair in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $161.71.
Shares of Praxair (NYSE PX) traded up $2.34 during mid-day trading on Friday, hitting $165.69. The stock had a trading volume of 1,869,982 shares, compared to its average volume of 2,091,966. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $46,057.88, a PE ratio of 29.48, a PEG ratio of 2.21 and a beta of 1.00. Praxair has a 12 month low of $115.53 and a 12 month high of $166.95.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the transaction, the director now directly owns 16,697 shares in the company, valued at $1,957,890.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Salem Investment Counselors Inc. grew its holdings in shares of Praxair by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock worth $321,000 after buying an additional 13 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Praxair by 1.3% during the second quarter. Peapack Gladstone Financial Corp now owns 4,576 shares of the basic materials company’s stock worth $607,000 after buying an additional 58 shares in the last quarter. Laurel Wealth Advisors Inc. grew its holdings in shares of Praxair by 2.2% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,398 shares of the basic materials company’s stock worth $450,000 after buying an additional 74 shares in the last quarter. FTB Advisors Inc. grew its holdings in shares of Praxair by 2.8% during the second quarter. FTB Advisors Inc. now owns 2,910 shares of the basic materials company’s stock worth $385,000 after buying an additional 79 shares in the last quarter. Finally, Advisor Partners LLC grew its holdings in shares of Praxair by 6.5% during the fourth quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock worth $945,000 after buying an additional 357 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.
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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.
