News headlines about Praxair (NYSE:PX) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Praxair earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.7905744000601 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
A number of equities research analysts recently issued reports on PX shares. Zacks Investment Research raised shares of Praxair from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Wednesday, January 24th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and upped their price target for the company from $155.00 to $175.00 in a research note on Tuesday, December 19th. UBS upped their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Jefferies Group set a $186.00 price target on shares of Praxair and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Citigroup reaffirmed a “buy” rating and set a $188.00 price target on shares of Praxair in a research note on Friday, January 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Praxair currently has an average rating of “Buy” and an average price target of $166.93.
Shares of PX traded down $3.53 during midday trading on Friday, hitting $143.18. The stock had a trading volume of 1,188,625 shares, compared to its average volume of 1,317,114. Praxair has a 1 year low of $117.40 and a 1 year high of $166.95. The company has a market cap of $42,125.81, a P/E ratio of 24.48, a P/E/G ratio of 1.91 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20.
Praxair (NYSE:PX) last announced its earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ 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. analysts predict that Praxair will post 6.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th were paid a $0.825 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $3.30 annualized dividend and a dividend yield of 2.30%. This is an increase from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is currently 56.41%.
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Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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