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: $13.54 to $13.81
• 50-Day Range: $3.23 to $164.50
• 52-Week Range: $140.00 to $169.75
• Volume: 835,986 shs
• Average Volume: 725,125 shs
• Market Capitalization: $1.54 billion
• P/E Ratio: 137.85
• Dividend Yield: 1.02%
• Price Target: $13.29
• Consensus Rating: Hold

Praxair Stock Analysis - MarketRank™

Praxair scored higher than 50% of companies evaluated by MarketBeat, and ranked 619th out of 922 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: 2.2 / 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: 5.62%

Earnings Growth

Earnings for Praxair are expected to grow by 5.62% in the coming year, from $0.89 to $0.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Praxair is 137.85, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 125.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of Praxair is 137.85, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 45.28.

Price to Book Value per Share Ratio

Praxair has a P/B Ratio of 3.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.93% 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 5.1.

Change versus previous month

Short interest in Praxair has recently decreased by 8.48%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Praxair pays a meaningful dividend of 1.14%, 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 14.89% 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

4.93% 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 5.1.

Change versus previous month

Short interest in Praxair has recently decreased by 8.48%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

9 people have searched for PX on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.

MarketBeat Follows

3 people have added Praxair to their MarketBeat watchlist in the last 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 $5,854,123.00 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) issued its quarterly earnings data on Thursday, August, 8th. The basic materials company reported $0.24 earnings per share 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 the consensus estimate of $66.04 million. Praxair had a trailing twelve-month return on equity of 27.32% and a net margin of 4.57%.

Is Praxair buying back stock?

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

When did Praxair IPO?

Praxair (PX) raised $300 million in an IPO 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 shareholders 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 9/20 Dividend: 8/30/2024
• Dividend Payable: 9/20/2024
• Today: 11/22/2024
• Ex-Dividend for 12/20 Dividend: 11/29/2024
• Dividend Payable: 12/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

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: $13.29
• High Stock Price Target: $16.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -3.6%
• 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: 137.85
• Forward P/E Ratio: 15.49
• 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: 6.37
• Cash Flow: $1.30 per share
• Price / Cash Flow: 10.59
• Book Value: $3.53 per share
• Price / Book: 3.91

Miscellaneous

• Outstanding Shares: 111,620,000
• Free Float: 84,253,000
• Market Cap: $1.54 billion
• Optionable: Optionable
• Beta: 0.68