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Stock Update (NYSE:PX): Praxair Again Named to Corporate Responsibility Magazine’s 100 Best Corporate Citizens List™ for 2016

[Business Wire] – Praxair, Inc. , a Fortune 250 company and a recognized global leader in sustainable development, has been named to Corporate Responsibility Magazine’s 100 Best Corporate Citizens List for the fourth consecutive year. Read more on this. Praxair Inc. (PX) , valued at $32.69B, started trading this morning at $116.47. Shares have traded today between $114.21 and $116.61 per share and has traded between $95.60 and $124.17 over the past year. PX shares are currently priced at 21.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.02x forward p/e ratio. And for income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 2.55%. 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. In looking at the bigger picture, the full-year EPS estimate of $5.54 would be a $0.26 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.60 Billion. If realized, 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. With the above information in mind, readers should note that the average price target is $118.11, which is 1.41% above where the stock opened this morning. See more in (NYSE:PX) Similar Articles: Market Update: Praxair Inc (NYSE:PX) – Praxair Reports First-Quarter 2016 Results Market Update (NYSE:APD): Air Products Again Named to Corporate Responsibility Magazine’s 100 Best Corporate Citizens List Market Update (NYSE:WM): Waste Management Named to CR Magazine’s 100 Best Corporate Citizens List
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