Praxair (PX) PT Set at $186.00 by Jefferies Group

Jefferies Group set a $186.00 target price on Praxair (NYSE:PX) in a report released on Monday morning. The firm currently has a buy rating on the basic materials company’s stock. Jefferies Group also issued estimates for Praxair’s FY2018 earnings at $6.35 EPS, FY2019 earnings at $6.85 EPS and FY2020 earnings at $7.50 EPS.

Several other equities research analysts have also issued reports on the company. J P Morgan Chase & Co lifted their price target on Praxair from $145.00 to $172.00 and gave the company an overweight rating in a report on Friday, November 17th. Zacks Investment Research upgraded Praxair from a hold rating to a buy rating and set a $165.00 target price for the company in a report on Monday, November 6th. Susquehanna Bancshares upgraded Praxair from a neutral rating to a positive rating and boosted their target price for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. Argus upgraded Praxair from a hold rating to a buy rating and set a $171.00 target price for the company in a report on Monday, November 13th. Finally, UBS upgraded Praxair from a neutral rating to a positive rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $156.15.

Shares of Praxair (PX) opened at $149.14 on Monday. Praxair has a 1 year low of $115.00 and a 1 year high of $156.40. The company has a market capitalization of $43,310.00, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. equities analysts predict that Praxair will post 5.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Wednesday, December 6th. Praxair’s dividend payout ratio is presently 56.05%.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the business’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 transaction of $768,053.00. Following the sale, the director now directly owns 16,697 shares in the company, valued at $1,957,890.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its stake in Praxair by 47.3% in the second quarter. Federated Investors Inc. PA now owns 10,057 shares of the basic materials company’s stock worth $1,333,000 after purchasing an additional 3,228 shares in the last quarter. Seven Eight Capital LP acquired a new position in Praxair in the second quarter worth $1,286,000. Mosaic Family Wealth LLC boosted its stake in Praxair by 6.3% in the second quarter. Mosaic Family Wealth LLC now owns 1,309 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 77 shares in the last quarter. Coho Partners Ltd. boosted its stake in Praxair by 776.9% in the second quarter. Coho Partners Ltd. now owns 16,073 shares of the basic materials company’s stock worth $2,130,000 after purchasing an additional 14,240 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Praxair by 14.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after purchasing an additional 962 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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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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