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:

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.

NYSE:PX traded down $0.32 during midday trading on Monday, hitting $150.36. The company had a trading volume of 846,026 shares, compared to its average volume of 1,761,113. Praxair has a 52-week low of $120.02 and a 52-week high of $166.95. The firm has a market capitalization of $43,265.74, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99.

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.

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About Praxair

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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