Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Praxair (PX) Stock Price
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:
- State troopers report I95 stolen vehicel pursuit arrest in Milford (news.hamlethub.com)
- Linde Provides Status of Antitrust Proceedings for Combination with Praxair (PX) (streetinsider.com)
- How Investors React With These Hot Names: Praxair, Inc. (PX), Gentex Corporation (GNTX) – Market Movers (financialqz.com)
- Praxair Named to 2017 Newsweek Green Rankings – HamletHub – HamletHub (news.hamlethub.com)
- Linde Provides Status of Antitrust Proceedings for Combination with Praxair (PX) – StreetInsider.com (streetinsider.com)
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.
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%.
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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.
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