Stock Update: Praxair Inc (NYSE:PX) – Praxair China Starts up New Air Separation Plant

[Business Wire] – DANBURY, Conn.–(BUSINESSWIRE)– Praxair, Inc. (NYSE: PX) has started up a large air separation plant in northern China for the Yankuang Guohong Chemical Co., Ltd facility in Zoucheng City. Yankuang Guohong … Read more on this. Praxair Inc. (PX) , valued at $27.38B, opened at $97.60. Looking at today’s trading action, the company’s one day range from $96.00 to $98.15 and has traded between $96.00 and $130.38 over the past year. PX shares are currently priced at 16.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.42x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.86 per share annually in dividends, yielding 2.92%. According to a consensus of 18 analysts, the earnings estimate of $1.47 per share would be $0.10 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $5.80 which would be a $0.47 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.67 Billion. If realized, that would be a 10.70% decrease over the year-ago quarter. In terms of ratings, Seaport Global Securities upgraded PX from Neutral to Accumulate (Jan 13, 2016). Previously, Global Hunter Securities Initiated PX at to Neutral. Given all the information above, we should disclose to readers that the average price target is $120.22, which is 23.18% above than it opened this morning. See more in (NYSE:PX) Similar Articles: Market Update: Praxair Inc (NYSE:PX) – Praxair Expands Presence in South Carolina Stock Update: Praxair Inc (NYSE:PX) – AGCO Corporation CEO Martin H. Richenhagen Joins Praxair’s Board of Directors Company Update (NYSE:PX): Praxair Starts up New Air Separation Plant in East China Chemical Park