Praxair (NYSE:PX) had its target price upped by analysts at UBS to $176.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the basic materials company’s stock. UBS’s price objective would indicate a potential upside of 17.65% from the stock’s previous close.

Other equities analysts have also issued reports about the company. BidaskClub upgraded Praxair from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered Praxair from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Jefferies Group reiterated a “buy” rating and issued a $162.00 price objective on shares of Praxair in a research report on Thursday, October 19th. Susquehanna Bancshares boosted their price objective on Praxair from $155.00 to $175.00 in a research report on Tuesday, November 7th. Finally, Barclays boosted their price objective on Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Praxair currently has a consensus rating of “Hold” and a consensus target price of $157.38.

Praxair (NYSE PX) opened at $149.60 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91. Praxair has a 12-month low of $115.00 and a 12-month high of $156.40. The stock has a market capitalization of $42,830.00, a P/E ratio of 26.06, a P/E/G ratio of 2.23 and a beta of 1.00.

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

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the sale, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.

Several institutional investors have recently made changes to their positions in PX. Stratos Wealth Partners LTD. raised its stake in shares of Praxair by 1.9% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 15,466 shares of the basic materials company’s stock worth $2,050,000 after purchasing an additional 287 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Praxair by 343.4% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 25,484 shares of the basic materials company’s stock worth $3,378,000 after purchasing an additional 19,737 shares in the last quarter. Welch & Forbes LLC raised its stake in shares of Praxair by 2.8% during the 2nd quarter. Welch & Forbes LLC now owns 231,701 shares of the basic materials company’s stock worth $30,712,000 after purchasing an additional 6,202 shares in the last quarter. Korea Investment CORP raised its stake in shares of Praxair by 12.8% during the 2nd quarter. Korea Investment CORP now owns 112,049 shares of the basic materials company’s stock worth $14,852,000 after purchasing an additional 12,754 shares in the last quarter. Finally, Smithfield Trust Co. raised its stake in shares of Praxair by 1.4% during the 2nd quarter. Smithfield Trust Co. now owns 7,291 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/17/ubs-increases-praxair-px-price-target-to-176-00.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 & Stock 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 stocks with our FREE daily email newsletter.