14 Mar

What Analysts Think about Praxair

WRITTEN BY Peter Neil

Analysts’ recommendations for Praxair

As of March 14, 2017, 21 brokerage firms were tracking Praxair (PX) stock actively. 38% of these analysts have recommended the stock as a “buy,” 57% of the analysts have recommended the stock as a “hold,” while the remaining 5% of analysts have recommended the stock as a “sell.”

What Analysts Think about Praxair

The analyst consensus indicates the 12-month target price for Praxair to be at $127.72, which implies a return potential of 9.4% from its closing price of $116.72 on March 14, 2017.

Why most analysts recommend a “buy” or “hold”

Praxair met analyst 4Q16 expectations and signed some long-term contracts with clients that could increase its revenue. These achievements could have encouraged analysts to recommend a “buy” or “hold” for Praxair.

Recommendations and targets from well-known brokerage firms

  • On February 14, 2017, Evercore ISI rated Praxair as a “sell” with a target price of $107, which implies a 12-month potential return of  -8.3% compared to the March 13, 2017, closing price of $116.72.
  • On January 27, 2017, Baird rated Praxair as “neutral” with a target price of $127, which implies a 12-month potential return of 8.8% compared to the March 13, 2017, closing price of $116.72.

Investors can indirectly hold Praxair by investing in the ProShares Ultra Basic Materials (UYM), which invests 4.1% of its portfolio in Praxair. The top holdings of this fund include Dow Chemical (DOW), DuPont (DD), and Monsanto (MON), which have weights of 8.8%, 8.6%, and 6.1%, respectively, as of March 13, 2017.

Latest articles

McDonald’s (MCD) competition includes large international and national food chains as well as regional and local retailers of food products.

The restaurant industry is susceptible to a wide array of risks of macro and micro factors. As a huge global brand, McDonald’s faces several risks.

Google plans to offer a smart checking account along with Citigroup and Stanford Federal Credit Union. Tentatively called Cache, it could launch in 2020.

The proposed T-Mobile-Sprint merger agreement expired on November 1. Either company has the right to walk away from the transaction until a new date is set.

Since my last article about Nvidia (NVDA), the stock has risen from $196.86 to $208.57. I expect a further rise after today's earnings results.

TJX Companies (TJX) is scheduled to announce its fiscal 2020 third-quarter earnings results on November 19. Its third quarter ended on November 2.