Praxair (PX) Receives News Impact Score of 0.17
News headlines about Praxair (NYSE:PX) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Praxair earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.6522718084797 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Linde, Praxair Merger Reaches 92% Shareholder Acceptance – Fox Business (foxbusiness.com)
- Why Is Praxair (PX) Up 4.5% Since the Last Earnings Report? (finance.yahoo.com)
- Noteworthy Tuesday Option Activity: PX, CME, CSCO (nasdaq.com)
- Linde’s Merger With Praxair Reaches 90% Shareholder Acceptance (rttnews.com)
- Linde, Praxair merger hits 90% shareholder tender (marketwatch.com)
Several research firms recently issued reports on PX. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research cut Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $162.00 target price on shares of Praxair in a research note on Thursday, October 19th. Susquehanna Bancshares raised their target price on Praxair from $155.00 to $175.00 in a research note on Tuesday, November 7th. Finally, Barclays raised their target price on Praxair from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Praxair presently has a consensus rating of “Hold” and an average target price of $151.36.
Praxair (PX) traded up $4.28 during trading on Wednesday, reaching $156.36. The company’s stock had a trading volume of 2,641,000 shares, compared to its average volume of 1,321,334. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. The company has a market cap of $44,510.00, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99. Praxair has a fifty-two week low of $115.00 and a fifty-two week high of $156.40.
Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. equities analysts forecast that Praxair will post 5.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.7875 per share. The ex-dividend date is Wednesday, December 6th. This represents a $3.15 annualized dividend and a yield of 2.01%. Praxair’s payout ratio is 56.05%.
In other Praxair news, Director Raymond W. Leboeuf sold 6,550 shares of Praxair stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total transaction of $768,053.00. Following the sale, the director now directly owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.
Praxair Company Profile
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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