Praxair (PX) Earning Somewhat Favorable Press Coverage, Accern Reports
News coverage about Praxair (NYSE:PX) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public 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 0.12 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 42.1390140473047 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Praxair, Linde Likely to Make Divestitures for FTC OK – TheStreet.com (thestreet.com)
- Linde, Praxair get second antitrust request from FTC (finance.yahoo.com)
- Linde, Praxair received second request from U.S. anti-trust regulator (feeds.reuters.com)
- UPDATE 1-Linde, Praxair get second antitrust request from FTC (feeds.reuters.com)
PX has been the subject of several research reports. Zacks Investment Research cut shares of Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Praxair in a research report on Friday, June 2nd. BidaskClub cut shares of Praxair from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price target (up previously from $140.00) on shares of Praxair in a research report on Saturday, June 3rd. Finally, Bank of America Corporation raised shares of Praxair from a “neutral” rating to a “buy” rating and upped their price target for the stock from $140.00 to $150.00 in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $135.00.
Praxair (NYSE PX) traded down 0.18% during midday trading on Wednesday, reaching $130.64. 1,885,801 shares of the company were exchanged. Praxair has a 52 week low of $114.43 and a 52 week high of $138.69. The company has a market capitalization of $37.37 billion, a PE ratio of 24.46 and a beta of 0.93. The firm has a 50-day moving average price of $132.28 and a 200-day moving average price of $126.53.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.03. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Praxair will post $5.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s dividend payout ratio (DPR) is presently 58.88%.
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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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