Praxair (PX) Receiving Somewhat Favorable Media Coverage, Analysis Shows
News stories about Praxair (NYSE:PX) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Praxair earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.574909734615 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- $1.45 EPS Expected for Praxair, Inc. (PX) This Quarter (americanbankingnews.com)
- Praxair, Inc. (PX) Upgraded to Positive at UBS AG (americanbankingnews.com)
- Praxair: Ready To Pop – Seeking Alpha (seekingalpha.com)
- Susquehanna Upgrades Praxair Inc. (PX) to Positive (streetinsider.com)
- Susquehanna Bancshares Inc Upgrades Praxair, Inc. (PX) to “Positive” (americanbankingnews.com)
A number of equities analysts have recently issued reports on PX shares. Deutsche Bank AG reiterated a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 target price (up previously from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Vertical Group upgraded shares of Praxair to a “hold” rating and raised their price objective for the company from $123.00 to $127.00 in a research report on Wednesday, June 7th. Bank of America Corporation upgraded shares of Praxair from a “neutral” rating to a “buy” rating and raised their price objective for the company from $140.00 to $150.00 in a research report on Wednesday, June 7th. Finally, Vertical Research upgraded shares of Praxair to a “hold” rating and raised their price objective for the company from $123.00 to $127.00 in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Praxair currently has a consensus rating of “Hold” and an average price target of $136.82.
Shares of Praxair (NYSE PX) traded up 0.17% on Friday, hitting $132.46. 807,718 shares of the stock traded hands. Praxair has a 1-year low of $114.43 and a 1-year high of $138.69. The stock has a market cap of $37.89 billion, a PE ratio of 24.81 and a beta of 0.93. The stock has a 50 day moving average of $131.56 and a 200-day moving average of $127.46.
Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 EPS. On average, equities research analysts expect that Praxair will post $5.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s payout ratio is currently 58.88%.
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.
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