Traders purchased shares of Praxair, Inc. (NYSE:PX) on weakness during trading hours on Tuesday. $5,509.18 million flowed into the stock on the tick-up and $476.16 million flowed out of the stock on the tick-down, for a money net flow of $5,033.02 million into the stock. Of all equities tracked, Praxair had the highest net in-flow for the day. Praxair traded down ($0.99) for the day and closed at $164.50
PX has been the subject of a number of analyst reports. Zacks Investment Research downgraded Praxair from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Sanford C. Bernstein began coverage on Praxair in a research note on Monday, September 24th. They issued an “underperform” rating and a $132.00 target price on the stock. BMO Capital Markets increased their target price on Praxair from $164.00 to $170.00 and gave the stock a “market perform” rating in a research note on Monday, July 30th. BNP Paribas began coverage on Praxair in a research note on Tuesday, October 2nd. They issued a “neutral” rating on the stock. Finally, Citigroup increased their target price on Praxair from $177.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $175.38.
The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.78. The company has a market capitalization of $47.43 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.08.
Praxair Company Profile (NYSE:PX)
Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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