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Market Update: Praxair Inc (NYSE:PX) – Praxair Acquires NOxBOX Ltd, a Leading Developer of Inhaled Nitric Oxide Delivery and Monitoring Systems

[Business Wire] – Praxair, Inc. has acquired NOxBOX Ltd, a company that specializes in the manufacture of inhaled gas delivery and monitoring instruments for the medical market, from U.K.-based Bedfont Scientific Limited, an existing Praxair supplier. Read more on this. Praxair Inc. (PX) , valued at $29.69B, began trading this morning at $104.71. During the trading session, PX traded between $103.82 to $105.26 and has traded between $95.60 and $128.42 over the past 12 months. PX shares are currently priced at 19.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.27x earnings multiple. And for passive income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 2.91%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.27 per share, which would be $0.16 worse than the year-ago quarter and a $0.17 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.54, which would be a $0.26 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.49 Billion. If realized, that would be a 9.78% decrease over the year-ago quarter. More recently, KeyBanc Capital Mkts downgraded PX from Overweight to Sector Weight (Feb 2, 2016). Previously, Seaport Global Securities upgraded PX from Neutral to Accumulate. The average price target for PX shares by the analysts covering the stock is $110.28, which is 5.32% above where the stock opened this morning. See more in (NYSE:PX) Similar Articles: Market Update: Praxair Inc (NYSE:PX) – Praxair CEO to Present at Barclays Industrial Select Conference Market Update: Praxair Inc (NYSE:PX) – Praxair Expands Presence in South Carolina Market Update: Praxair Inc (NYSE:PX) – Praxair Combines Joint Venture Operations in Southeastern US
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