Praxair, Inc. (PX) Receives $175.57 Average Price Target from Analysts

Shares of Praxair, Inc. (NYSE:PX) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $175.57.

Separately, SunTrust Banks initiated coverage on shares of Praxair in a research note on Tuesday, January 15th. They issued an “average” rating and a $185.00 price target on the stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EP Wealth Advisors LLC increased its holdings in Praxair by 19.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,072 shares of the basic materials company’s stock worth $333,000 after acquiring an additional 341 shares in the last quarter. IMS Capital Management purchased a new stake in Praxair during the 3rd quarter valued at approximately $64,000. Rehmann Capital Advisory Group grew its holdings in Praxair by 112.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,061 shares of the basic materials company’s stock valued at $171,000 after buying an additional 562 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in Praxair by 4.3% during the 3rd quarter. Avitas Wealth Management LLC now owns 15,010 shares of the basic materials company’s stock valued at $2,413,000 after buying an additional 617 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Praxair by 2.1% during the 3rd quarter. LPL Financial LLC now owns 39,767 shares of the basic materials company’s stock valued at $6,392,000 after buying an additional 816 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Shares of PX stock opened at $164.50 on Friday. Praxair has a 12 month low of $140.00 and a 12 month high of $169.75.

Praxair Company Profile

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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Analyst Recommendations for Praxair (NYSE:PX)

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