Praxair, Inc. (NYSE:PX) – Equities research analysts at KeyCorp issued their Q1 2018 earnings estimates for Praxair in a report issued on Tuesday. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings of $1.44 per share for the quarter. KeyCorp also issued estimates for Praxair’s Q2 2018 earnings at $1.52 EPS and Q3 2018 earnings at $1.59 EPS.

Praxair (NYSE:PX) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the business posted $1.41 EPS. Praxair’s quarterly revenue was up 7.6% compared to the same quarter last year.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their target price on Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Zacks Investment Research raised Praxair from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Monday, November 6th. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and increased their target price for the stock from $155.00 to $175.00 in a report on Tuesday, December 19th. Jefferies Group set a $186.00 target price on Praxair and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price on the stock in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $159.86.

Praxair (PX) opened at $161.88 on Thursday. 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 1-year low of $115.53 and a 1-year high of $166.08. The company has a market capitalization of $46,238.30, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GW&K Investment Management LLC bought a new stake in Praxair during the 4th quarter valued at $12,839,000. TRUE Private Wealth Advisors bought a new stake in Praxair during the 4th quarter valued at $228,000. State of Alaska Department of Revenue raised its stake in Praxair by 399.5% during the 4th quarter. State of Alaska Department of Revenue now owns 35,657 shares of the basic materials company’s stock valued at $5,513,000 after acquiring an additional 28,519 shares in the last quarter. Oakbrook Investments LLC bought a new stake in Praxair during the 4th quarter valued at $1,950,000. Finally, CAPROCK Group Inc. bought a new stake in Praxair during the 4th quarter valued at $236,000. 85.51% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’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 of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.23% 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.

Earnings History and Estimates for Praxair (NYSE:PX)

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