Praxair (PX) Getting Positive News Coverage, Analysis Shows

News headlines about Praxair (NYSE:PX) have been trending positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Praxair earned a news impact score of 0.26 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.9066403917722 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently weighed in on PX. Deutsche Bank raised Praxair from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $155.00 to $175.00 in a research report on Tuesday. UBS boosted their target price on Praxair to $176.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Jefferies Group set a $186.00 target price on Praxair and gave the company a “buy” rating in a research report on Monday, December 11th. J P Morgan Chase & Co boosted their target price on Praxair from $145.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Finally, Argus raised Praxair from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $158.64.

Shares of Praxair (NYSE:PX) traded down $0.26 during trading on Friday, reaching $153.84. The company had a trading volume of 509,460 shares, compared to its average volume of 1,880,000. Praxair has a twelve month low of $115.00 and a twelve month high of $156.40. The company has a market cap of $43,970.00, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.30 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.91.

Praxair (NYSE:PX) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 EPS. sell-side analysts predict that Praxair will post 5.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, December 7th were paid a dividend of $0.7875 per share. The ex-dividend date was Wednesday, December 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.05%. Praxair’s dividend payout ratio (DPR) is currently 56.05%.

In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the completion of the transaction, the director now owns 16,697 shares in the company, valued at approximately $1,957,890.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Praxair (NYSE:PX)

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