Praxair Inc. (NYSE:PX) has been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $117.83.
Several brokerages have commented on PX. Argus reaffirmed a “hold” rating on shares of Praxair in a report on Tuesday, August 16th. Credit Agricole SA lifted their target price on Praxair from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Deutsche Bank AG reaffirmed a “hold” rating on shares of Praxair in a report on Friday, July 29th. TheStreet downgraded Praxair from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Jefferies Group reissued a “buy” rating and issued a $140.00 price objective on shares of Praxair in a research report on Tuesday, August 16th.
Praxair (NYSE:PX) opened at 118.85 on Thursday. The firm has a market capitalization of $33.90 billion, a PE ratio of 21.64 and a beta of 0.93. The stock’s 50 day moving average price is $120.03 and its 200 day moving average price is $115.91. Praxair has a 52-week low of $95.60 and a 52-week high of $125.00.
Praxair (NYSE:PX) last announced its earnings results on Thursday, July 28th. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.60 billion. Praxair had a return on equity of 31.66% and a net margin of 15.09%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. On average, analysts predict that Praxair will post $5.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $3.00 dividend on an annualized basis and a yield of 2.52%. Praxair’s dividend payout ratio (DPR) is currently 54.55%.
A number of institutional investors have recently added to or reduced their stakes in PX. Joel Isaacson & Co. LLC increased its position in Praxair by 0.4% in the second quarter. Joel Isaacson & Co. LLC now owns 2,015 shares of the company’s stock worth $226,000 after buying an additional 8 shares during the period. Quadrant Capital Group LLC increased its position in Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the company’s stock worth $126,000 after buying an additional 11 shares during the period. Capital Management Corp VA increased its position in Praxair by 0.7% in the second quarter. Capital Management Corp VA now owns 1,815 shares of the company’s stock worth $204,000 after buying an additional 12 shares during the period. Park National Corp OH increased its position in Praxair by 0.3% in the second quarter. Park National Corp OH now owns 4,562 shares of the company’s stock worth $513,000 after buying an additional 15 shares during the period. Finally, MAI Capital Management increased its position in Praxair by 0.5% in the second quarter. MAI Capital Management now owns 3,022 shares of the company’s stock worth $340,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 83.78% of the company’s stock.
Praxair Company Profile
Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. 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, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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