Oppenheimer reissued their buy rating on shares of Praxair (NYSE:PX) in a research note released on Friday morning, Stock Ratings Network reports. They currently have a $137.00 target price on the stock.
Shares of Praxair (NYSE:PX) traded down 0.88% during mid-day trading on Friday, hitting $118.73. 149,652 shares of the company’s stock traded hands. Praxair has a 52 week low of $102.79 and a 52 week high of $124.41. The stock has a 50-day moving average of $119.5 and a 200-day moving average of $116.3. The company has a market cap of $35.007 billion and a price-to-earnings ratio of 21.39.
Praxair (NYSE:PX) last released its earnings data on Wednesday, July 24th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Praxair from $129.00 to $142.00 in a research note to investors on Friday. They now have an outperform rating on the stock. Separately, analysts at Zacks reiterated a hold rating on shares of Praxair in a research note to investors on Tuesday, September 17th. They now have a $125.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Praxair from $134.00 to $137.00 in a research note to investors on Thursday, August 1st. They now have a buy rating on the stock. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $131.42.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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