Media coverage about Praxair (NYSE:PX) has been trending somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Praxair earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.248625451384 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

PX has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a research report on Thursday, January 11th. Seaport Global Securities restated a “hold” rating and issued a $165.00 price objective on shares of Praxair in a report on Wednesday, January 31st. Jefferies Group restated a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Thursday, October 19th. JPMorgan Chase & Co. boosted their price objective on shares of Praxair from $145.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Finally, UBS Group lowered shares of Praxair from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Praxair has an average rating of “Buy” and a consensus target price of $163.47.

Shares of Praxair (NYSE PX) opened at $149.48 on Friday. The firm has a market cap of $42,800.00, a P/E ratio of 34.60, a PEG ratio of 1.96 and a beta of 1.03. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20. Praxair has a 1-year low of $115.60 and a 1-year high of $166.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date is Tuesday, March 6th. Praxair’s payout ratio is presently 72.92%.

COPYRIGHT VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/10/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-praxair-px-stock-price.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.

Insider Buying and Selling by Quarter for Praxair (NYSE:PX)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.