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NYSE:PX

Praxair (PX) Stock Price, News & Analysis

Praxair logo

About Praxair Stock (NYSE:PX)

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Key Stats

Today's Range
$13.21
$13.42
50-Day Range
$3.23
$164.50
52-Week Range
$140.00
$169.75
Volume
630,464 shs
Average Volume
642,463 shs
Market Capitalization
$1.44 billion
P/E Ratio
80.85
Dividend Yield
1.08%
Price Target
$15.00
Consensus Rating
Moderate Buy

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.

Praxair Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
70th Percentile Overall Score

PX MarketRank™: 

Praxair scored higher than 70% of companies evaluated by MarketBeat, and ranked 428th out of 932 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Praxair has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Praxair has only been the subject of 4 research reports in the past 90 days.

  • Read more about Praxair's stock forecast and price target.
  • Earnings Growth

    Earnings for Praxair are expected to grow by 19.35% in the coming year, from $0.93 to $1.11 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Praxair is 80.85, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.57.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Praxair is 80.85, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.13.

  • Price to Book Value per Share Ratio

    Praxair has a P/B Ratio of 3.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.93% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Praxair has recently decreased by 32.22%, indicating that investor sentiment is improving significantly.
  • 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 87.51%. 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 12.61% next year. This indicates that Praxair will be able to sustain or increase its dividend.

  • Read more about Praxair's dividend.
  • Percentage of Shares Shorted

    2.93% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Praxair has recently decreased by 32.22%, indicating that investor sentiment is improving significantly.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Praxair this week, compared to 0 articles on an average week.
  • Search Interest

    14 people have searched for PX on MarketBeat in the last 30 days.
  • MarketBeat Follows

    4 people have added Praxair to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • 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 $1,317,889.00 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.

  • Read more about Praxair's insider trading history.
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PX Stock News Headlines

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PX Stock Analysis - Frequently Asked Questions

Praxair, Inc. (NYSE:PX) issued its quarterly earnings data on Wednesday, February, 12th. The basic materials company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.27. Praxair had a net margin of 6.52% and a trailing twelve-month return on equity of 30.28%.

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

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

Top institutional shareholders of Praxair include Driehaus Capital Management LLC (0.94%), Geode Capital Management LLC (0.85%), Caz Investments LP (0.59%) and Bank of New York Mellon Corp (0.14%). Insiders that own company stock include 210 Capital, Llc, David M Mccoy, Alexander I Abell, Michael Feinglass, Richard J Jensen, Charles K Huebner Trust, Andrew Rowan Nelson, Nell M Blatherwick and Edwin A Poston.
View institutional ownership trends
.

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

Ex-Dividend for 12/20 Dividend
11/29/2024
Dividend Payable
12/20/2024
Last Earnings
2/12/2025
Today
2/21/2025
Ex-Dividend for 3/20 Dividend
2/28/2025
Dividend Payable
3/20/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Industrial Gases
CUSIP
74005P10
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$21.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+16.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$19.67 million
Pretax Margin
7.52%

Debt

Sales & Book Value

Annual Sales
$296.45 million
Cash Flow
$1.14 per share
Book Value
$3.66 per share

Miscellaneous

Free Float
84,253,000
Market Cap
$1.44 billion
Optionable
Optionable
Beta
0.86
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This page (NYSE:PX) was last updated on 2/22/2025 by MarketBeat.com Staff
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