Breaking News Bar

Business News and Information

Market Update (NYSE:PX): Praxair Signs Long-Term Agreement to Source Carbon Dioxide in the U.S.

[Business Wire] – Praxair, Inc. has signed a long-term agreement to purchase by-product carbon dioxide from US Nitrogen LLC, a subsidiary of Austin Powder Company, a leading provider of industrial blasting products and services. Read more on this. Praxair Inc. (PX) , valued at $33.62B, started the session at $116.53. Today’s price range has been between $116.14 and $117.93 per share with a trailing 52-week range being $95.60 to $124.99. Priced at 20.96x this year’s forecasted earnings, PX shares are relatively expensive compared to the industry’s 16.46x forward p/e ratio. And for passive income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 2.58%. 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 $0.15 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.54, which would be a $0.26 worse 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, Deutsche Bank downgraded PX from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts downgraded PX from Overweight to Sector Weight. Investors should keep in mind is that the average price target is $112.56, which is 3.41% below where the stock opened this morning. See more in (NYSE:PX) Similar Articles: Market Update: Praxair Inc (NYSE:PX) – Praxair Signs Contracts to Install OPTIMELTTM and Oxygen Supply Systems with Leading Glassmaker Market Update: Praxair Inc (NYSE:PX) – Praxair CEO to Present at Barclays Industrial Select Conference Market Update: Praxair Inc (NYSE:PX) – Praxair Signs Long-Term Contract with Total and Further Expands Pipeline Network in the Port of Antwerp
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear