Why Praxair, Inc. (NYSE:PX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $125.00 on Praxair, Inc. (NYSE:PX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.51 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Praxair, Inc. (NYSE:PX) stands at 22.31.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Praxair, Inc. Common Stock, the PEG ratio for coming 3-5 years is 3.60.

Technical Analysis

The technical analysis highlights that Praxair, Inc. Common Stock current is trading $4.14 points away or +3.49% from its 50-day moving average of $118.38. Further it is trading $9.32 or +8.24% away its 200-day moving average of $113.19.

The 52-week high of Praxair, Inc. (NYSE:PX) was $125.00 while lowest point recorded in 52-week was $95.60. It implies if stock price makes a movement of over $-2.49, it will record a new 52-week high. In the case of +28.15% drop, it will touch a new 52-week low.

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