Impact of Brokerage Rating on Praxair, Inc.(PX)

Many Praxair, Inc.(PX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Praxair was Upgraded by JP Morgan to Overweight on Jan 27, 2017. Praxair was Upgraded by BofA/Merrill to Neutral on Jan 6, 2017. Praxair was Downgraded by CLSA to Underperform on Dec 22, 2016.

Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Stephen F Angel (Chairman, President & CEO) sold 83,300 shares at 119.04 per share price.On Nov 8, 2016, Raymond W Leboeuf (director) sold 6,550 shares at 117.26 per share price.On Nov 2, 2016, Anne K Roby (Senior Vice President) sold 17,103 shares at 117.39 per share price.

Praxair Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.41 EPS for the quarter. Analyst had a consensus estimate of $1.41. The company had revenue of $2644.00 million for the quarter, compared to analysts expectations of $2659.49 million. The companys revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS.

Praxair, Inc. (NYSE:PX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.09 by 11 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.

Praxair, Inc. (NYSE:PX): 11 Analyst have given the stock of Praxair, Inc. (NYSE:PX) a near short term price target of $126.64. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $6.8. The higher price target estimate is at $140 while the lower price estimates are fixed at $113.

Praxair, Inc. (NYSE:PX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.1% or 0.12 points. After the session commenced at $116.79, the stock reached the higher end at $117.59 while it hit a low of $115.88. With the volume soaring to 767,710 shares, the last trade was called at $117.32. The company has a 52-week high of $125. The company has a market cap of $33,482 million and there are 285,388,990 shares in outstanding. The 52-week low of the share price is $100.8.

Praxair is one of the largest industrial gases companies in North and South America. Praxairs primary products for its industrial gases business are atmospheric gases and process gases. The companys surface technology segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. The company also designs, engineers and builds equipment that produces industrial gases through its global supply systems.

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