Praxair (NYSE:PX)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Thursday, Analyst Ratings Network.com reports.
A number of other firms have also recently commented on PX. Analysts at TheStreet reiterated a “buy” rating on shares of Praxair in a research note to investors on Wednesday, July 17th. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Praxair in a research note to investors on Thursday, July 11th. They now have a $135.00 price target on the stock.
Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $127.36.
Praxair (NYSE: PX) traded up 0.91% on Thursday, hitting $119.13. Praxair has a 1-year low of $102.66 and a 1-year high of $120.16. The stock’s 50-day moving average is currently $116.. The company has a market cap of $35.233 billion and a price-to-earnings ratio of 21.35.
Praxair (NYSE:PX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Praxair has set its Q3 guidance at $1.48-1.53 EPS and its FY13 guidance at $5.90-6.00 EPS. On average, analysts predict that Praxair will post $5.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.03%.
Praxair, Inc (NYSE: PX) is an industrial gases supplier.
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