Praxair (PX) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Praxair (NYSE:PX) in a report published on Tuesday morning. The brokerage issued a market perform rating and a $159.00 price objective on the basic materials company’s stock.

Several other brokerages also recently weighed in on PX. SunTrust Banks raised their price target on Praxair to $185.00 and gave the stock a buy rating in a report on Friday, January 26th. Barclays lifted their target price on Praxair from $160.00 to $170.00 and gave the stock an equal weight rating in a report on Friday, January 26th. Zacks Investment Research downgraded Praxair from a buy rating to a hold rating in a report on Thursday, January 18th. Citigroup reaffirmed a buy rating and set a $188.00 target price on shares of Praxair in a report on Friday, January 26th. Finally, TheStreet downgraded Praxair from an a- rating to a c+ rating in a report on Thursday, January 25th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $166.93.

How to Become a New Pot Stock Millionaire

Shares of NYSE PX opened at $144.30 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a market capitalization of $41,433.81, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.06. Praxair has a fifty-two week low of $117.11 and a fifty-two week 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, topping the consensus estimate of $1.48 by $0.04. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.85 billion. Praxair had a return on equity of 26.54% and a net margin of 10.90%. equities analysts anticipate that Praxair will post 6.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th were issued a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This is an increase from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a yield of 2.29%. Praxair’s payout ratio is presently 56.41%.

Large investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new position in Praxair in the fourth quarter valued at approximately $128,000. M&R Capital Management Inc. lifted its holdings in Praxair by 366.5% in the fourth quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 733 shares during the period. Accident Compensation Corp acquired a new position in Praxair in the third quarter valued at approximately $140,000. San Francisco Sentry Investment Group CA lifted its holdings in Praxair by 2,171.1% in 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 acquiring an additional 977 shares during the period. Finally, Aevitas Wealth Management Inc. acquired a new position in Praxair in the fourth quarter valued at approximately $162,000. 86.30% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Praxair (PX) Coverage Initiated by Analysts at BMO Capital Markets” was published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/03/31/praxair-px-coverage-initiated-by-analysts-at-bmo-capital-markets.html.

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)

Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply