Praxair (PX) Stock Price, News & Analysis

Company Overview

Praxair, Inc. produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. In addition, the company offers electric arc, plasma and wire spray, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. It serves various industries, such as healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. Praxair, Inc. was founded in 1907 and is headquartered in Danbury, Connecticut.

Key Stats

• Today's Range: $12.52 to $13.13
• 50-Day Range: $3.23 to $164.50
• 52-Week Range: $140.00 to $169.75
• Volume: 857,965 shs
• Average Volume: 984,146 shs
• Market Capitalization: $1.44 billion
• P/E Ratio: 128.90
• Dividend Yield: 1.09%
• Price Target: $14.43
• Consensus Rating: Hold

Praxair Stock Analysis - MarketRank™

Praxair scored higher than 53% of companies evaluated by MarketBeat, and ranked 549th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Praxair has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Praxair has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 5.49%

Earnings Growth

Earnings for Praxair are expected to grow by 5.49% in the coming year, from $0.91 to $0.96 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Praxair is 128.90, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Praxair is 128.90, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 29.57.

Price to Book Value per Share Ratio

Praxair has a P/B Ratio of 3.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.50% of the float of Praxair has been sold short.

Short Interest Ratio / Days to Cover

Praxair has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Praxair has recently increased by 2.07%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Praxair pays a meaningful dividend of 1.06%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Praxair does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Praxair is 140.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Praxair will have a dividend payout ratio of 14.58% next year. This indicates that Praxair will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.50% of the float of Praxair has been sold short.

Short Interest Ratio / Days to Cover

Praxair has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Praxair has recently increased by 2.07%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Praxair this week, compared to 1 article on an average week.

Search Interest

Only 4 people have searched for PX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Praxair to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Praxair insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,287,199.00 in company stock.

Percentage Held by Insiders

24.52% of the stock of Praxair is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

48.05% of the stock of Praxair is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PX Stock Analysis - Frequently Asked Questions

How were Praxair's earnings last quarter?

Praxair, Inc. (NYSE:PX) posted its earnings results on Thursday, August, 8th. The basic materials company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The basic materials company had revenue of $71.08 million for the quarter, compared to analysts' expectations of $66.04 million. Praxair had a net margin of 4.57% and a trailing twelve-month return on equity of 27.32%.

Is Praxair buying back stock?

Praxair's board approved a stock repurchase plan on Thursday, February 29th 2024, which permits the company to repurchase $40,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

When did Praxair IPO?

Praxair (PX) raised $300 million in an initial public offering on Thursday, October 21st 2021. The company issued 20,000,000 shares at $14.00-$16.00 per share.

Who are Praxair's major shareholders?

Praxair's top institutional investors include Caz Investments LP (6.60%), Geode Capital Management LLC (0.85%), Quantbot Technologies LP and Parallax Volatility Advisers L.P.. Insiders that own company stock include 210 Capital, Llc, Alexander I Abell, Michael Feinglass, David M Mccoy, Richard J Jensen, Charles K Huebner Trust, Andrew Rowan Nelson, Nell M Blatherwick and Edwin A Poston.
View institutional ownership trends.

What other stocks do shareholders of Praxair own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Praxair investors own include Meta Platforms (META), NVIDIA (NVDA), Netflix (NFLX), Tesla (TSLA), Advanced Micro Devices (AMD), Chevron (CVX) and Visa (V).

Company Calendar

• Last Earnings: 8/08/2024
• Ex-Dividend for 12/20 Dividend: 11/29/2024
• Today: 12/20/2024
• Dividend Payable: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Industrial Gases
• Current Symbol: NYSE:PX
• CUSIP: 74005P10
• CIK: 884905
• Web: www.praxair.com
• Phone: 203-837-2000
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.43
• High Stock Price Target: $21.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +13.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.10
• Trailing P/E Ratio: 127.20
• Forward P/E Ratio: 13.98
• P/E Growth: N/A
• Net Income: $-7,130,000.00
• Net Margins: 4.57%
• Pretax Margin: 7.52%
• Return on Equity: 27.32%
• Return on Assets: 13.19%

Debt

• Debt-to-Equity Ratio: 0.81
• Current Ratio: 1.66
• Quick Ratio: 1.66

Sales & Book Value

• Annual Sales: $241.73 million
• Price / Sales: 5.87
• Cash Flow: $1.11 per share
• Price / Cash Flow: 11.41
• Book Value: $3.66 per share
• Price / Book: 3.48

Miscellaneous

• Outstanding Shares: 111,620,000
• Free Float: 84,253,000
• Market Cap: $1.42 billion
• Optionable: Optionable
• Beta: 0.81