Praxair (NYSE: PX) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Praxair was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/1/2017 – Praxair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last six months, Praxair's shares outperformed the industry. In second-quarter 2017, the company's adjusted earnings topped the Zacks Consensus Estimate by 2.1%. and grew 5% year over year. Businesses in electronics, chemicals, metals, energy and food and beverage end markets were strong. Gross margin suffered from higher cost of sales. For 2017, Praxair anticipates benefitting from a talented workforce, sound product portfolio and new project wins. It raised its earnings guidance to $5.63-$5.75 from the previous projection of $5.55-$5.80. Also, Praxair's merger with Linde will create a leading industrial gas company. However, the company's exposure to risks arising from higher production costs, stiff competition, high debt levels, geopolitical issues in foreign end markets and from unfavorable movements in foreign currencies might adversely impact its financials in the near term.”
  • 7/31/2017 – Praxair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $148.00 price target on the stock. According to Zacks, “In the last three months, Praxair's shares outperformed the industry. In second-quarter 2017, the company's adjusted earnings surpassed the Zacks Consensus Estimate by 2.1%. Also, the bottom line increased 5% year over year on the back of revenue growth. Businesses in electronics, chemicals, metals, energy and food and beverage end markets were strong. For 2017, the company anticipates benefitting from a talented workforce, sound product portfolio and new project wins. It raised its earnings guidance to $5.63-$5.75 from the previous projection of $5.55-$5.80. Earnings are predicted to grow 3-5% year over year. Also, Praxair's merger with Linde will create a leading industrial gas company with a strong international presence, a large customer base and solid financial flexibility.”
  • 7/25/2017 – Praxair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “In the last three months, shares of Praxair have outperformed the industry. We believe that the company is well positioned to leverage benefits from its diversified product portfolio, a large client base and organic and inorganic growth strategies in the long term. For 2017, the company anticipates base volume growth to be in sync with the prevailing macro conditions. It increased the lower end of its previously projected guidance range by $0.10 to $5.55-$5.80 per share. Forex woes are predicted to adversely impact earnings by 1%. Also, the company is exposed to risks arising from stiff competition, and high debt levels. Over the last 60 days, the stock’s earnings estimates remained stable for both 2017 and 2018.”
  • 7/25/2017 – Praxair was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – Praxair was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – Praxair was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Over the last one year, Praxair's shares underperformed the Zacks categorized Chemicals Diversified industry. The stock looks overvalued as well. In addition, we believe that the company's exposure to risks arising from higher production costs, stiff competition, and high debt levels might adversely impact its financials in the near term. In the first quarter 2017, the company's debt-to-capital ratio was 59.7%. Also, it faces risks from geopolitical issues in foreign end markets and from unfavorable movements in foreign currencies. Forex woes are predicted to adversely impact earnings by 1% in 2017. Over the last 60 days, earnings estimates on the stock decreased for both 2017 and 2018.”
  • 6/28/2017 – Praxair was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/22/2017 – Praxair was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/21/2017 – Praxair had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $162.00 price target on the stock.
  • 6/11/2017 – Praxair had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $156.00 price target on the stock, up previously from $130.00.

Praxair, Inc. (NYSE PX) traded down 0.96% during trading on Thursday, hitting $127.62. The company had a trading volume of 1,130,530 shares. Praxair, Inc. has a 52-week low of $114.43 and a 52-week high of $138.69. The firm’s 50 day moving average is $132.75 and its 200-day moving average is $125.45. The stock has a market capitalization of $36.50 billion, a price-to-earnings ratio of 23.90 and a beta of 0.93.

Praxair (NYSE:PX) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. Praxair had a net margin of 14.10% and a return on equity of 27.93%. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Praxair’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be given a $0.7875 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a yield of 2.47%. Praxair’s dividend payout ratio (DPR) is presently 58.88%.

Praxair, Inc is an industrial gas company. The Company’s 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, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

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