Analyst Price Target Update on Praxair (NYSE:PX)

Praxair (NYSE:PX): The stock price is expected to reach $ 119.75 in the short term. The number of analysts agreeing with this consensus is 12. The higher estimate for the short term price target is at $135 while the lower estimate is at $100. The standard deviation of the price stands at $10.42.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Praxair (NYSE:PX).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $106 per share to $121 per share. The rating by the firm was issued on April 18, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The officer (Executive Vice President), of Praxair Inc, Menezes Eduardo F had unloaded 25,000 shares at $114.01 per share in a transaction on May 10, 2016. The total value of transaction was $2,850,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Praxair (NYSE:PX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.85 points or 0.75% at $112.88 with 1,283,766 shares getting traded. Post opening the session at $113.46, the shares hit an intraday low of $112.72 and an intraday high of $114.47 and the price was in this range throughout the day. The company has a market cap of $32,201 million and the number of outstanding shares have been calculated to be 285,264,900 shares. The 52-week high of Praxair (NYSE:PX) is $124.17 and the 52-week low is $95.6.

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.

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