Somewhat Positive Press Coverage Somewhat Unlikely to Impact Praxair (NYSE:PX) Stock Price
Media stories about Praxair (NYSE:PX) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Praxair earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3332446704557 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Can Praxair, Inc. (NYSE:PX) or Electronic Arts Inc. (NASDAQ:EA) Make a Ripple in the Market? – FLBC News (flbcnews.com)
- Sumitomo Mitsui Trust Holdings, Inc. Modifies Its Holdings in Praxair, Inc. (PX) – First News 24 (firstnewspaper24.com)
- Praxair, Inc. (PX) Expected to Announce Quarterly Sales of $2.87 Billion (americanbankingnews.com)
- First Eagle Investment Management, LLC Marginally Lowers Its Holdings in Praxair, Inc. (PX) (highlightpress.com)
- $1.45 Earnings Per Share Expected for Praxair, Inc. (NYSE:PX) This Quarter (americanbankingnews.com)
PX has been the subject of several research analyst reports. Barclays PLC upped their price target on shares of Praxair from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. BidaskClub downgraded shares of Praxair from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Praxair from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and set a $162.00 price target on shares of Praxair in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $156.00 price target (up from $130.00) on shares of Praxair in a report on Sunday, June 11th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $135.00.
Praxair (PX) traded up 0.22% during mid-day trading on Wednesday, reaching $128.86. The company had a trading volume of 1,357,691 shares. Praxair has a 12-month low of $114.43 and a 12-month high of $138.69. The firm has a market capitalization of $36.86 billion, a price-to-earnings ratio of 24.13 and a beta of 0.93. The firm has a 50-day moving average price of $133.31 and a 200 day moving average price of $125.12.
Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. Praxair had a net margin of 14.10% and a return on equity of 27.93%. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company earned $1.39 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts expect that Praxair will post $5.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be given a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, September 6th. Praxair’s payout ratio is 58.88%.
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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