Praxair, Inc. (NYSE:PX) – Stock analysts at KeyCorp issued their Q4 2018 EPS estimates for shares of Praxair in a research report issued on Tuesday. KeyCorp analyst M. Sison expects that the basic materials company will post earnings of $1.45 per share for the quarter.

Other analysts have also issued reports about the stock. Susquehanna Bancshares raised their price objective on shares of Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Deutsche Bank upgraded shares of Praxair from a “hold” rating to a “buy” rating and raised their price objective for the company from $155.00 to $175.00 in a research note on Tuesday, December 19th. UBS Group raised their price objective on shares of Praxair to $176.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Jefferies Group set a $186.00 price objective on shares of Praxair and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Argus upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Praxair currently has an average rating of “Hold” and an average target price of $159.86.

Praxair (NYSE:PX) traded up $0.38 during trading hours on Friday, reaching $161.88. 1,678,970 shares of the company’s stock were exchanged, compared to its average volume of 1,953,477. The company has a market cap of $46,350.00, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.24 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. Praxair has a 1-year low of $115.53 and a 1-year high of $166.08.

Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The business 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%. Praxair’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Praxair by 1.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 256,321 shares of the basic materials company’s stock worth $35,818,000 after buying an additional 2,489 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in shares of Praxair by 1.4% in the third quarter. Atlantic Trust Group LLC now owns 910,983 shares of the basic materials company’s stock worth $127,300,000 after buying an additional 12,173 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Praxair by 14.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,458 shares of the basic materials company’s stock worth $1,042,000 after buying an additional 962 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Praxair by 81.9% in the third quarter. SG Americas Securities LLC now owns 47,375 shares of the basic materials company’s stock worth $6,620,000 after buying an additional 21,333 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Praxair by 2.7% in the third quarter. Stephens Inc. AR now owns 35,608 shares of the basic materials company’s stock worth $4,976,000 after buying an additional 949 shares during the last quarter. 85.51% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Praxair (NYSE:PX)

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