Analyst Rating Update on Praxair (PX)

Praxair (NYSE:PX) : 4 brokerage houses believe that Praxair (NYSE:PX) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Praxair (NYSE:PX). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.

Praxair (NYSE:PX) : The most positive equity analysts on Praxair (NYSE:PX) expects the shares to touch $135, whereas, the least positive believes that the stock will trade at $100 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $119.75 with an expected fluctuation of $10.42 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Citigroup maintains its rating on Praxair (NYSE:PX). As per the latest information, the brokerage house raises the price target to $121 per share from a prior target of $106. The shares have been rated Neutral. The rating by the firm was issued on April 18, 2016.

Praxair (NYSE:PX): stock turned positive on Tuesday. Though the stock opened at $108, the bulls momentum made the stock top out at $109.248 level for the day. The stock recorded a low of $107.03 and closed the trading day at $108.48, in the green by 1.37%. The total traded volume for the day was 1,345,609. The stock had closed at $107.01 in the previous days trading.

In an insider trading activity, Menezes Eduardo F, officer (Executive Vice President) of Praxair Inc, unloaded 25,000 shares at an average price of $114.01 on May 10, 2016. The total amount of the transaction was worth $2,850,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America, Asia and Europe. The Companys 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, Praxair operates its surface technologies business through its wholly owned subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Companys products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers and builds equipment that produces industrial gases primarily for internal use. The companys surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *