Media headlines about Praxair (NYSE:PX) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Praxair earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 47.0671972929209 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Marathon Asset Management Llp Has Lowered Its Praxair INC (PX) Stake (beyondtheninetyminutes.com)
- New Detail Study: Cryogenic Liquids Market including key players Praxair, Airgas, Yingde Gases (factsweek.com)
- Lookout For Average Trure Range (ATR) – Praxair Inc (NYSE: PX) (stocktradingpoint.com)
- An Eye on Stock Value – Praxair Inc (NYSE: PX) (stocksmarketcap.com)
- Global Krypton-Xenon Market by 2023: Linde Group, Praxair, Chromium and Air Product (realfacts24.com)
PX stock opened at $146.71 on Friday. The company has a market capitalization of $41,640.55, a PE ratio of 25.08, a P/E/G ratio of 1.89 and a beta of 1.08. Praxair has a twelve month low of $117.40 and a twelve month high of $166.95. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, March 7th were issued a dividend of $0.825 per share. This is a positive change from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Tuesday, March 6th. Praxair’s dividend payout ratio (DPR) is 56.41%.
A number of equities research analysts have commented on the company. TheStreet cut Praxair from an “a-” rating to a “c+” rating in a research note on Thursday, January 25th. ValuEngine raised Praxair from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets assumed coverage on Praxair in a research note on Tuesday, March 27th. They issued a “market perform” rating and a $159.00 price objective for the company. Seaport Global Securities reissued a “hold” rating and issued a $165.00 price objective on shares of Praxair in a research note on Wednesday, January 31st. Finally, Barclays raised their price objective on Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $166.93.
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Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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