Stock Update: Praxair Inc (NYSE:PX) – Praxair Releases 2020 Sustainable Development Targets

[Business Wire] – Praxair, Inc. , a recognized global leader in sustainable development, today announced its third generation of five-year Sustainable Development Targets . Read more on this. Praxair Inc. (PX) , with a current market cap of $32.78B, started the session at $114.20. Looking at today’s market, PX one day range is $113.84 to $115.21 with a trailing 52-week range being $95.60 to $122.68. Praxair (PX) shares are currently priced at 20.30x 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 income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 2.66%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $5.56, which would be a $0.24 worse when compared to the last year’s annual results. 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. In terms of ratings, Deutsche Bank downgraded PX from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts downgraded PX from Overweight to Sector Weight. Investors should keep in mind is that the average price target is $118.67, which is 3.91% above where the stock opened this morning. 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 Market Update: Praxair Inc (NYSE:PX) – Praxair CEO to Present at Barclays Industrial Select Conference Stock Update: Praxair Inc (NYSE:PX) – Praxair China Starts up New Air Separation Plant