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.
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.
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