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Company Update (NYSE:PX): Newsweek Names Praxair a Top Green Company

[Business Wire] – Praxair, Inc. , a leading industrial gas company and recognized global leader in sustainable development, has earned a place in the 2016 Newsweek Green Rankings. The Green Rankings assess the overall corporate sustainability and environmental performance of the 500 largest publicly traded companies in the U.S. Read more on this. Praxair Inc. (PX) , with a current market cap of $30.48B, started the session at $108.95. During the trading session, PX traded between $106.43 to $109.27 with a one year range of $95.60 to $121.28. Praxair (PX) shares are currently priced at 19.84x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.61x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $3.00 per share annually in dividends, yielding 2.72%. 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. The full-year EPS estimate is $5.56, which would be a $0.24 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.60 Billion. If reported, that would be a 5.11% 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. The average price target for PX shares by the analysts covering it is $118.67, which is 8.92% above where the stock opened. See more in (NYSE:PX) Similar Articles: 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 Company Update: Praxair Inc (NYSE:PX) – Praxair Builds Density through Acquisition of Industrial and Medical Gas Businesses Market Update: Praxair Inc (NYSE:PX) – Praxair Combines Joint Venture Operations in Southeastern US
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