Short Term Rating on Praxair (PX)

Praxair (PX) : 4 brokerage houses believe that Praxair (PX) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Praxair (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 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.36.

Praxair (PX) : 12 investment research analysts covering Praxair (PX) have an average price target of $119.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $135 and the lowest target is $100 for the short term. Analysts expect the variance to be within $10.42 of the average price.

Company shares have received an average consensus rating of Hold for the current week


Praxair (NYSE:PX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.24 and $115.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.99, notching a gain of 2.30% for the day. The total traded volume was 1,344,387 . The stock had closed at $114.36 on the previous day.

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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