Ardelyx (ARDX) EPS Estimated At $-0.56; Praxair (PX) Shorts Down By 9.1%

October 12, 2017 - By Adrian Erickson

Praxair Incorporated (NYSE:PX) had a decrease of 9.1% in short interest. PX’s SI was 3.39 million shares in October as released by FINRA. Its down 9.1% from 3.73M shares previously. With 975,000 avg volume, 4 days are for Praxair Incorporated (NYSE:PX)’s short sellers to cover PX’s short positions. The SI to Praxair Incorporated’s float is 1.19%. The stock increased 0.49% or $0.69 during the last trading session, reaching $141.87. About 866,849 shares traded. Praxair, Inc. (NYSE:PX) has risen 17.42% since October 12, 2016 and is uptrending. It has outperformed by 0.72% the S&P500.

Analysts expect Ardelyx Inc (NASDAQ:ARDX) to report $-0.56 EPS on November, 6.They anticipate $0.09 EPS change or 13.85% from last quarter’s $-0.65 EPS. After having $-0.54 EPS previously, Ardelyx Inc’s analysts see 3.70% EPS growth. The stock increased 44.44% or $2.4 during the last trading session, reaching $7.8. About 26.10 million shares traded or 7575.25% up from the average. Ardelyx Inc (NASDAQ:ARDX) has declined 19.22% since October 12, 2016 and is downtrending. It has underperformed by 35.92% the S&P500.

Ardelyx, Inc. is a clinical-stage biopharmaceutical company. The company has market cap of $370.07 million. The Company’s therapeutics focuses on addressing cardiorenal and gastrointestinal diseases. It currently has negative earnings. It operates through the research, development and commercialization of biopharmaceutical products segment.

Among 6 analysts covering Ardelyx Inc (NASDAQ:ARDX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ardelyx Inc had 10 analyst reports since August 18, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, September 3 by Wedbush. The stock has “Buy” rating by Cantor Fitzgerald on Monday, August 28. On Wednesday, March 9 the stock rating was maintained by JMP Securities with “Market Outperform”. The stock of Ardelyx Inc (NASDAQ:ARDX) has “Buy” rating given on Tuesday, September 22 by BTIG Research. The stock has “Buy” rating by BTIG Research on Friday, December 18. The stock of Ardelyx Inc (NASDAQ:ARDX) earned “Buy” rating by Cantor Fitzgerald on Wednesday, May 31. The firm earned “Buy” rating on Thursday, March 31 by Ladenburg Thalmann. As per Wednesday, August 10, the company rating was maintained by Citigroup. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, August 9.

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.14, from 1.04 in 2017Q1. It turned negative, as 53 investors sold Praxair, Inc. shares while 303 reduced holdings. 94 funds opened positions while 226 raised stakes. 235.97 million shares or 0.10% more from 235.73 million shares in 2017Q1 were reported. Yhb Invest Advsr Inc reported 15,364 shares or 0.35% of all its holdings. Corporation Va accumulated 1,871 shares. Bronson Point Management Ltd Liability Corporation stated it has 18,000 shares. Seaward Management Lp holds 0.49% of its portfolio in Praxair, Inc. (NYSE:PX) for 73,564 shares. Shelter Insurance Retirement Plan has invested 1.34% of its portfolio in Praxair, Inc. (NYSE:PX). Vigilant Capital Management Ltd Com reported 66,851 shares stake. Prudential Financial Incorporated reported 408,595 shares. Maple Cap Mngmt holds 1,515 shares or 0.06% of its portfolio. Pennsylvania Tru Com reported 0.14% in Praxair, Inc. (NYSE:PX). The Missouri-based First Allied Advisory has invested 0.02% in Praxair, Inc. (NYSE:PX). Lincoln Cap Ltd Liability Co has invested 0.13% of its portfolio in Praxair, Inc. (NYSE:PX). Highland Mngmt Ltd Limited Liability Company reported 0.06% of its portfolio in Praxair, Inc. (NYSE:PX). D E Shaw And reported 0% of its portfolio in Praxair, Inc. (NYSE:PX). Vgi Prtn Pty Limited has 8.07% invested in Praxair, Inc. (NYSE:PX). King Luther Cap Corporation accumulated 0.17% or 141,615 shares.

Praxair, Inc. is an industrial gas company. The company has market cap of $40.70 billion. The Company’s activities are organized into five divisions, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. It has a 26.52 P/E ratio. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment.

Among 20 analysts covering Praxair (NYSE:PX), 7 have Buy rating, 3 Sell and 10 Hold. Therefore 35% are positive. Praxair had 34 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Praxair, Inc. (NYSE:PX) earned “Buy” rating by Jefferies on Wednesday, June 21. The firm earned “Neutral” rating on Wednesday, October 7 by Susquehanna. The company was maintained on Monday, November 2 by Barclays Capital. CLSA downgraded the shares of PX in report on Thursday, December 22 to “Underperform” rating. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, February 2. Deutsche Bank downgraded Praxair, Inc. (NYSE:PX) on Monday, April 4 to “Hold” rating. The stock of Praxair, Inc. (NYSE:PX) earned “Sell” rating by Zacks on Wednesday, August 12. Deutsche Bank maintained Praxair, Inc. (NYSE:PX) on Friday, June 2 with “Hold” rating. KeyBanc Capital Markets maintained Praxair, Inc. (NYSE:PX) on Friday, September 1 with “Hold” rating. The firm earned “Neutral” rating on Wednesday, November 18 by UBS.

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