Praxair, Inc. (PX) Receives $178.80 Average Price Target from Analysts
Praxair, Inc. (NYSE:PX) has received a consensus rating of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $178.80.
Several research analysts recently commented on PX shares. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. JPMorgan Chase & Co. boosted their target price on Praxair from $179.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, June 15th. TheStreet raised Praxair from a “c+” rating to an “a-” rating in a research note on Thursday, April 26th. Citigroup upped their price objective on Praxair from $177.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Finally, ValuEngine raised Praxair from a “hold” rating to a “buy” rating in a research report on Friday, June 29th.
Shares of PX stock traded down $2.36 on Tuesday, hitting $154.79. The stock had a trading volume of 1,303,689 shares, compared to its average volume of 1,712,618. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $45.19 billion, a PE ratio of 24.59, a P/E/G ratio of 2.01 and a beta of 1.11. Praxair has a 1 year low of $127.36 and a 1 year high of $168.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Monday, August 6th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $3.30 annualized dividend and a dividend yield of 2.13%. Praxair’s dividend payout ratio is currently 56.41%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Capital Group LLC boosted its holdings in shares of Praxair by 394.0% during the first quarter. Private Capital Group LLC now owns 741 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 591 shares during the last quarter. Kaizen Advisory LLC boosted its holdings in shares of Praxair by 140.9% during the second quarter. Kaizen Advisory LLC now owns 677 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 396 shares during the last quarter. Institutional & Family Asset Management LLC purchased a new position in shares of Praxair in the 1st quarter worth $137,000. Signaturefd LLC purchased a new position in shares of Praxair in the 1st quarter worth $147,000. Finally, Landaas & Co. WI ADV purchased a new position in shares of Praxair in the 2nd quarter worth $147,000. 85.61% of the stock is owned by hedge funds and other institutional investors.
Praxair Company Profile
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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