Market Update: Praxair Inc (NYSE:PX) – Praxair Reports Full-Year and Fourth-Quarter 2015 Results

[Business Wire] – Praxair, Inc. reported fourth-quarter net income and diluted earnings per share of $422 million and $1.47, respectively. Read more on this. Praxair Inc. (PX) , with a current market cap of $28.01B, began trading this morning at $96.77. Looking at today’s trading action, the company’s one day range from $95.60 to $98.90 and has traded between $95.60 and $130.38 over the past 12 months. PX shares are currently priced at 16.93x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.33x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.86 per share annually in dividends, yielding 2.91%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.47 per share, which would be $0.10 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $5.80, which would be a $0.47 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.66 Billion. If realized, that would be a 11.04% 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. The average price target for PX shares by the analysts covering it is $118.32, which is 22.27% above where the stock opened. See more in (NYSE:PX) Similar Articles: Company Update (NYSE:PX): Praxair Reports Third-Quarter 2015 Results Market Update: Praxair Inc (NYSE:PX) – Praxair Announces Third Quarter 2015 Earnings and Conference Call Schedule Market Update: Praxair Inc (NYSE:PX) – Praxair Named to Dow Jones Sustainability Indices for 13th Consecutive Year