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Company Update: Praxair Inc (NYSE:PX) – Praxair Kicks-Off Second Year of Skills Pipeline Workforce Development Program in Louisiana; Providing More Than $200,000 in Scholarships

[Business Wire] – Praxair, Inc. , a global industrial gas company, announced the kick-off of the second year of its Skills Pipeline™ workforce development program. Working together with the Louisiana Community and Technical College System , the program helps address the need for skilled workers in today’s global economy. Read more on this. Praxair Inc. (PX) , currently valued at $31.65B, opened this morning at $110.87. Looking at the stock, its one day range is $110.33 to $111.13 and has traded between $95.60 and $124.17 over the past year. PX shares are currently priced at 19.92x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.31x forward p/e ratio. And for income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 2.71%. According to a consensus of 19 analysts, the earnings estimate of $1.36 per share would be $0.09 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.56, which would be a $0.24 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 $2.59 Billion. If realized, that would be a 5.47% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded PX from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts downgraded PX from Overweight to Sector Weight. With the above information in mind, readers should note that the average price target is $118.39, which is 6.78% above where the stock opened this morning. See more in (NYSE:PX) Similar Articles: Company Update: Praxair Inc (NYSE:PX) – Praxair Builds Density through Acquisition of Industrial and Medical Gas Businesses Market Update: Praxair Inc (NYSE:PX) – Praxair Reports Full-Year and Fourth-Quarter 2015 Results Market Update: Praxair Inc (NYSE:PX) – Praxair Signs Long-Term Contract with Total and Further Expands Pipeline Network in the Port of Antwerp
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