Somewhat Positive Media Coverage Likely to Impact Praxair (PX) Share Price

Media stories about Praxair (NYSE:PX) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Praxair earned a news impact score of 0.04 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 75 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Insider Buying and Selling by Quarter for Praxair (NYSE:PX)

Shares of Praxair (NYSE:PX) traded down 0.305% during mid-day trading on Thursday, reaching $132.455. 760,745 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $131.66 and a 200 day moving average price of $122.03. The stock has a market cap of $37.80 billion, a price-to-earnings ratio of 24.898 and a beta of 0.94. Praxair has a 52 week low of $106.31 and a 52 week high of $138.69.

Praxair (NYSE:PX) last released its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.04. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.62 billion. Praxair had a return on equity of 28.42% and a net margin of 14.26%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. Equities research analysts predict that Praxair will post $5.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, June 7th were paid a $0.7875 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, June 5th. Praxair’s dividend payout ratio is currently 59.10%.

Several analysts recently issued reports on PX shares. BidaskClub lowered shares of Praxair from a “strong-buy” rating to a “buy” rating in a report on Thursday. Jefferies Group LLC restated a “buy” rating and issued a $162.00 price objective on shares of Praxair in a report on Wednesday. Bank of America Corporation upgraded shares of Praxair from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $150.00 in a report on Wednesday, June 7th. Zacks Investment Research upgraded shares of Praxair from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Friday, April 21st. Finally, Barclays PLC boosted their price objective on shares of Praxair from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $130.77.

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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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