Somewhat Positive News Coverage Somewhat Unlikely to Affect Praxair (PX) Share Price

Press coverage about Praxair (NYSE:PX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. 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 news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.2497556849651 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have issued reports on PX shares. Citigroup decreased their price objective on shares of Praxair from $188.00 to $163.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Seaport Global Securities reaffirmed a “hold” rating and set a $165.00 price objective on shares of Praxair in a report on Wednesday, January 31st. ValuEngine downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet raised shares of Praxair from a “c+” rating to an “a-” rating in a report on Thursday, April 26th. Finally, Zacks Investment Research downgraded shares of Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Praxair presently has a consensus rating of “Buy” and an average price target of $166.27.

Shares of Praxair traded up $0.86, reaching $159.86, during mid-day trading on Thursday, according to Marketbeat. The company’s stock had a trading volume of 1,520,400 shares, compared to its average volume of 1,697,688. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. The company has a quick ratio of 0.77, a current ratio of 0.94 and a debt-to-equity ratio of 1.07. Praxair has a 1-year low of $158.29 and a 1-year high of $159.81.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, June 7th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, June 6th. Praxair’s dividend payout ratio (DPR) is 56.41%.

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.

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

Receive News & Ratings for Praxair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Praxair and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit