Praxair Receives a Hold from Seaport Global

By Carrie Williams

Seaport Global analyst Michael Harrison reiterated a Hold rating on Praxair (NYSE: PX) yesterday and set a price target of $165. The company’s shares closed yesterday at $161.49, close to its 52-week high of $162.33.

According to TipRanks.com, Harrison is a 4-star analyst with an average return of 14.2% and a 84.4% success rate. Harrison covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, Air Products and Chemicals, and Sherwin-Williams Company.

Currently, the analyst consensus on Praxair is Strong Buy and the average price target is $180.63, representing an 11.9% upside.

In a report issued on January 26, Barclays also maintained a Hold rating on the stock with a $170 price target.

The company has a one-year high of $162.33 and a one-year low of $115. Currently, Praxair has an average volume of 1.82M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Raymond Leboeuf, a Director at PX sold 6,550 shares for a total of $768,053.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Praxair, Inc. engages in designs, engineers, manufactures, and operates facilities that produce and distribute industrial gases. It operates through the following segments: North America, Europe, South America, Asia, and Surface Technologies. The North America segment offers production facilities in the U.S., Canada, and Mexico.