Shares of Praxair (NYSE:PX) have earned an average recommendation of “Buy” from the twenty ratings firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $165.38.
PX has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a report on Thursday, January 11th. Seaport Global Securities reiterated a “hold” rating and issued a $165.00 target price on shares of Praxair in a report on Wednesday, January 31st. ValuEngine downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. UBS downgraded shares of Praxair from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, January 23rd. Finally, Citigroup reiterated a “buy” rating and issued a $188.00 target price on shares of Praxair in a report on Friday, January 26th.
Hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Praxair during the fourth quarter valued at approximately $128,000. M&R Capital Management Inc. grew its position in 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 purchasing an additional 733 shares in the last quarter. Accident Compensation Corp purchased a new position in Praxair during the third quarter valued at approximately $140,000. Aevitas Wealth Management Inc. purchased a new position in Praxair during the fourth quarter valued at approximately $162,000. Finally, Valeo Financial Advisors LLC purchased a new position in Praxair during the third quarter valued at approximately $169,000. Institutional investors and hedge funds own 86.29% of the company’s stock.
Shares of PX stock traded up $2.10 during midday trading on Wednesday, reaching $145.28. 354,254 shares of the company were exchanged, compared to its average volume of 1,834,007. Praxair has a 12 month low of $117.40 and a 12 month high of $166.95. The company has a market capitalization of $41,112.21, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 1.87 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 released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.04. Praxair had a net margin of 10.90% and a return on equity of 26.54%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. equities research analysts predict that Praxair will post 6.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.27%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. Praxair’s 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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