Praxair (PX) Earns News Sentiment Rating of 0.09

Headlines about Praxair (NYSE:PX) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 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 closest to one being the most favorable. Praxair earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.0097439000341 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

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

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Several brokerages have recently commented on PX. TheStreet lowered Praxair from an “a-” rating to a “c+” rating in a research report on Thursday, January 25th. Seaport Global Securities restated a “hold” rating and set a $165.00 price objective on shares of Praxair in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Praxair from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Thursday, January 11th. Citigroup restated a “buy” rating and set a $188.00 price objective on shares of Praxair in a research report on Friday, January 26th. Finally, Raymond James Financial restated an “outperform” rating on shares of Praxair in a research report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $167.50.

Shares of Praxair (PX) traded up $3.56 during trading on Monday, reaching $146.11. The company’s stock had a trading volume of 1,068,075 shares, compared to its average volume of 1,941,044. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 1.20. The company has a market cap of $40,931.32, a P/E ratio of 33.82, a P/E/G ratio of 1.86 and a beta of 1.06. Praxair has a 52-week low of $115.67 and a 52-week high of $166.95.

Praxair (NYSE:PX) last announced its earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.04. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. Praxair had a return on equity of 26.54% and a net margin of 10.90%. equities research analysts predict that Praxair will post 6.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th were paid a dividend of $0.825 per share. The ex-dividend date was Tuesday, March 6th. This represents a $3.30 annualized dividend and a yield of 2.26%. This is an increase from Praxair’s previous quarterly dividend of $0.79. Praxair’s payout ratio is presently 76.39%.

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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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