Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Praxair (PX) Share Price

Media stories about Praxair (NYSE:PX) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Praxair earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.0257378232845 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Praxair (NYSE PX) traded down $2.20 during trading on Friday, reaching $153.61. The company’s stock had a trading volume of 1,590,000 shares, compared to its average volume of 2,280,000. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The stock has a market capitalization of $43,980.00, a price-to-earnings ratio of 27.04, a P/E/G ratio of 2.00 and a beta of 1.03. Praxair has a one year low of $115.67 and a one year high of $166.95.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Praxair’s previous quarterly dividend of $0.79. Praxair’s dividend payout ratio is currently 55.46%.

A number of analysts recently issued reports on PX shares. Susquehanna Bancshares boosted their price target on Praxair from $155.00 to $175.00 in a report on Tuesday, November 7th. Argus upgraded Praxair from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Monday, November 13th. UBS Group upped their target price on Praxair from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, October 27th. SunTrust Banks restated a “buy” rating and set a $162.00 target price on shares of Praxair in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $167.50.

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About Praxair

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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