Praxair (NYSE:PX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.4 by 15 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on Praxair (NYSE:PX). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $106 per share to $121 per share. The rating by the firm was issued on April 18, 2016.
Praxair (NYSE:PX) shares are expected to touch $119.75 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 10.42. The target price could hit $135 on the higher end and $100 on the lower end.
Praxair (NYSE:PX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.68% or 0.77 points. After the session commenced at $112.93, the stock reached the higher end at $112.93 while it hit a low of $111.5. With the volume soaring to 1,393,905 shares, the last trade was called at $111.85. The company has a 52-week high of $123.65. The company has a market cap of $31,907 million and there are 285,264,900 shares in outstanding. The 52-week low of the share price is $95.6.
Praxair Inc. has dropped 0.53% in the last five trading days, however, the shares have posted positive gains of 2.3% in the last 4 weeks. Praxair Inc. is up 0.03% in the last 3-month period. Year-to-Date the stock performance stands at 10.77%.
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.