BMO Capital analyst John McNulty reiterated a Hold rating on Praxair (NYSE: PX) yesterday and set a price target of $164. The company’s shares opened today at $167.05, close to its 52-week high of $168.54.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of 10.4% and a 73.0% success rate. McNulty covers the Consumer Goods sector, focusing on stocks such as Axalta Coating Systems, RPM International, and Chemours Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Praxair with a $179.50 average price target.
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Based on Praxair’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3 billion and net profit of $462 million. In comparison, last year the company earned revenue of $2.83 billion and had a net profit of $406 million.
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Praxair, Inc. engages in design, engineereeing, manufacturing, and operation 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.
