Stock To Watch: Praxair, Inc. (NYSE:PX)


The leading market experts have placed a mean price target of $123.06 on Praxair, Inc. (NYSE:PX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.46 a share for the upcoming quarter and $5.53 for the current fiscal.

Technical View

The technical analysis of Praxair, Inc. Common Stock plainly substantiates that the 50-day moving average of Praxair, Inc. Common Stock is $115.21, and stock is trading $1.53 points away or +1.32% from its 50-day moving average of $115.21. Further it is trading $5.25 or +4.71% away its 200-day moving average of $111.49. Praxair, Inc. (NYSE:PX) 52-week high is $120.04 and the 52-week low is $95.60.

This explains if the stock moves $-3.30, it will post a 52-week high. In event of +22.11% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Praxair, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Praxair, Inc. (NYSE:PX) ratio came in at 21.26.

The stock last ended the trading session at $116.74 and registered a market cap of $33.30B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Praxair, Inc. (NYSE:PX) PEG ratio is at 3.44.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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