News stories about Praxair (NYSE:PX) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Praxair earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.3329993259626 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Critical Contrast: Praxair (PX) vs. Ingevity Corp (NGVT) (americanbankingnews.com)
- January 2020 Options Now Available For Praxair (PX) (stockoptionschannel.com)
- $1.45 EPS Expected for Praxair, Inc. (PX) This Quarter (americanbankingnews.com)
- Praxair, Inc. (PX) Upgraded to Positive at UBS AG (americanbankingnews.com)
- Praxair: Ready To Pop – Seeking Alpha (seekingalpha.com)
Shares of Praxair (PX) traded up 0.10% on Friday, hitting $134.22. The stock had a trading volume of 1,840,131 shares. The firm has a 50 day moving average price of $131.52 and a 200 day moving average price of $128.05. Praxair has a one year low of $114.43 and a one year high of $138.69. The company has a market capitalization of $38.39 billion, a P/E ratio of 25.13 and a beta of 0.93.
Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.03. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.80 billion. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. On average, equities research analysts predict that Praxair will post $5.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 8th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 2.35%. The ex-dividend date is Wednesday, September 6th. Praxair’s payout ratio is presently 58.88%.
A number of research firms have recently commented on PX. Susquehanna Bancshares Inc raised Praxair from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $131.00 to $155.00 in a research note on Thursday, September 7th. UBS AG raised Praxair from a “neutral” rating to a “positive” rating in a research note on Thursday, September 7th. KeyCorp reissued a “hold” rating on shares of Praxair in a research note on Sunday, September 3rd. BidaskClub raised Praxair from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research lowered Praxair from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Praxair has an average rating of “Hold” and an average price target of $138.00.
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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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