Praxair (NYSE:PX) has been assigned a $186.00 target price by analysts at Jefferies Group in a report issued on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Jefferies Group’s target price points to a potential upside of 22.90% from the stock’s previous close.

Several other research analysts have also commented on PX. BidaskClub raised shares of Praxair from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and lifted their price target for the company from $137.00 to $168.00 in a report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Susquehanna Bancshares lifted their price target on shares of Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Finally, UBS lifted their price target on shares of Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Praxair presently has a consensus rating of “Hold” and a consensus target price of $156.15.

Praxair (PX) opened at $151.34 on Monday. The firm has a market cap of $43,349.48, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22. Praxair has a fifty-two week low of $115.00 and a fifty-two week high of $156.40.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. sell-side analysts predict that Praxair will post 5.81 earnings per share for the current year.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the sale, the director now directly owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Large investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. raised its position in shares of Praxair by 0.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,418 shares of the basic materials company’s stock worth $321,000 after buying an additional 13 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Praxair by 3.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 831 shares of the basic materials company’s stock worth $110,000 after buying an additional 31 shares in the last quarter. Elkhorn Investments LLC raised its position in shares of Praxair by 0.3% during the 2nd quarter. Elkhorn Investments LLC now owns 9,265 shares of the basic materials company’s stock worth $1,206,000 after buying an additional 31 shares in the last quarter. ZWJ Investment Counsel Inc. raised its position in shares of Praxair by 2.6% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 1,796 shares of the basic materials company’s stock worth $238,000 after buying an additional 46 shares in the last quarter. Finally, Lourd Capital LLC raised its position in shares of Praxair by 2.3% during the 2nd quarter. Lourd Capital LLC now owns 2,450 shares of the basic materials company’s stock worth $325,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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About Praxair

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)

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