Praxair, Inc. (PX) Receives $166.85 Average PT from Brokerages

Shares of Praxair, Inc. (NYSE:PX) have been given a consensus recommendation of “Buy” by the nineteen analysts that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $166.85.

Several equities analysts have weighed in on the stock. TheStreet downgraded shares of Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. ValuEngine downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 price target on shares of Praxair in a report on Wednesday, January 31st. Barclays lifted their price target on shares of Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and set a $188.00 price target on shares of Praxair in a report on Friday, January 26th.

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Several institutional investors have recently added to or reduced their stakes in PX. Cerebellum GP LLC bought a new stake in shares of Praxair during the fourth quarter valued at approximately $128,000. Accident Compensation Corp bought a new stake in shares of Praxair during the third quarter valued at approximately $140,000. San Francisco Sentry Investment Group CA raised its position in shares of Praxair by 2,171.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock valued at $143,000 after buying an additional 977 shares during the last quarter. M&R Capital Management Inc. raised its position in shares of Praxair by 366.5% during the fourth quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock valued at $144,000 after buying an additional 733 shares during the last quarter. Finally, Aevitas Wealth Management Inc. bought a new stake in shares of Praxair during the fourth quarter valued at approximately $162,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Praxair (NYSE PX) traded down $1.87 on Friday, hitting $155.67. 1,349,190 shares of the company were exchanged, compared to its average volume of 2,018,196. 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 stock has a market capitalization of $46,048.09, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. Praxair has a one year low of $115.67 and a one year high of $166.95.

Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.04. Praxair had a net margin of 10.90% and a return on equity of 26.54%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. research analysts predict that Praxair will post 6.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $3.30 annualized dividend and a dividend yield of 2.12%. This is a boost from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio (DPR) is presently 76.39%.

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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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