Praxair (PX) : Analyst Rating Update

Praxair (PX) : Zacks Investment Research ranks Praxair (PX) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.36, which indicates as a Buy.

Praxair (PX) : Average target price received by Praxair (PX) is $119.75 with an expected standard deviation of $10.42. The most aggressive target on the stock is $135, whereas the most downbeat target is $100. 12 financial analysts are currently covering the stock.

Praxair (NYSE:PX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.50 and $110.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $111.83, notching a gain of 0.31% for the day. The total traded volume was 1,389,166 . The stock had closed at $111.48 on the previous day.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Praxair (NYSE:PX). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $106 per share to $121 per share. The rating by the firm was issued on April 18, 2016. The company shares have dropped -3.97% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $124.17 and the one year low was seen on Jan 29, 2016. The 50-Day Moving Average price is $111.50 and the 200 Day Moving Average price is recorded at $108.73.

Praxair, Inc. (Praxair) is an industrial gas supplier in North and South America, Asia and Europe. The Companys 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, Praxair operates its surface technologies business through its wholly owned subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Companys products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers and builds equipment that produces industrial gases primarily for internal use. The companys surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

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