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Market Update: Praxair Inc (NYSE:PX) – Praxair CEO to Present at Barclays Industrial Select Conference

[Business Wire] – Stephen F. Angel, chairman and chief executive officer of Praxair, Inc. , will address the Barclays Industrial Select Conference in Miami, FL on Wednesday, February 17, 2016 at 10:45 am ET. Read more on this. Praxair Inc. (PX) , valued at $28.94B, opened at $101.74. During today’s session, PX traded between $101.42 to $103.16 with a one year range of $95.60 to $130.38. Praxair (PX) shares are currently priced at 18.33x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.75x earnings multiple for the same period. The company pays shareholders $3.00 per share annually in dividends, yielding 2.85%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.27 per share, which would be $0.16 worse than the year-ago quarter and a $0.17 sequential decrease. The full-year EPS estimate is $5.56 which would be a $0.24 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.51 Billion. If reported, that would be a 9.06% decrease over the year-ago quarter. In terms of ratings, KeyBanc Capital Mkts downgraded PX from Overweight to Sector Weight (Feb 2, 2016). Previously, Seaport Global Securities upgraded PX from Neutral to Accumulate. The average price target for PX shares is $110.06, which is 8.18% above where the stock opened this morning. See more in (NYSE:PX) Similar Articles: Market Update: Praxair Inc (NYSE:PX) – Praxair Expands Presence in South Carolina Market Update: Praxair Inc (NYSE:PX) – Praxair Announces Third Quarter 2015 Earnings and Conference Call Schedule Company Update (NYSE:PX): Praxair CFO to Present at Credit Suisse Basic Materials Conference
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