Praxair (PX) Earning Somewhat Positive Media Coverage, Report Shows
News stories about Praxair (NYSE:PX) have been trending somewhat positive on Monday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Praxair earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.1138200898852 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Hartline Investment Upped Praxair (PX) Position By $746130; La Jolla Pharmaceutical Co (LJPC) Sentiment Is 1 (mtastar.com)
- Global Industrial Nitrogen Market 2018 – The Linde Group, Praxair Technology, Air Liquide, Messer (thefinancialconsulting.com)
- Hugely bought and sold Shares Praxair, Inc.’s (PX) (getstocksnews.com)
- Thermal Barrier Coatings Market Top Manufacturers by 2023: Praxair Surface Technologies, Bodycote plc and Oerlikon … (healthcaretrends24.com)
- Hydrogen Global Market Players by 2023- Linde Industrial Gas, Air Products, Praxair and Air Liquide (themobileherald.com)
A number of research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Praxair from $188.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday, April 10th. ValuEngine upgraded shares of Praxair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BMO Capital Markets assumed coverage on shares of Praxair in a research report on Tuesday, March 27th. They set a “market perform” rating and a $159.00 price target for the company. Zacks Investment Research lowered shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Seaport Global Securities restated a “hold” rating and set a $165.00 price target on shares of Praxair in a research report on Wednesday, January 31st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $165.27.
Praxair (NYSE:PX) last announced its earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.04. Praxair had a net margin of 10.90% and a return on equity of 26.54%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.85 billion. sell-side analysts forecast that Praxair will post 6.64 EPS for the current fiscal year.
Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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