Free Trial
Notice: This company has been marked as potentially delisted and may not be actively trading.
NYSE:PX

Praxair (PX) Stock Price, News & Analysis

About Praxair Stock (NYSE:PX)

Key Stats

Today's Range
$10.94
$11.03
50-Day Range
$3.23
$164.50
52-Week Range
$140.00
$169.75
Volume
170,070 shs
Average Volume
420,878 shs
Market Capitalization
$1.23 billion
P/E Ratio
N/A
Dividend Yield
1.28%
Price Target
$10.86
Consensus Rating
Hold

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
39th Percentile Overall Score

PX MarketRank™: 

Praxair scored higher than 39% of companies evaluated by MarketBeat, and ranked 742nd out of 933 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 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 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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

    Earnings for Praxair are expected to grow by 5.88% in the coming year, from $0.85 to $0.90 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Praxair is -549.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Praxair is -549.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Praxair has a P/B Ratio of 3.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Praxair's valuation and earnings.
  • Percentage of Shares Shorted

    6.06% 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 4.6.
  • Change versus previous month

    Short interest in Praxair has recently decreased by 1.59%, indicating that investor sentiment is improving.
  • Dividend Yield

    Praxair pays a meaningful dividend of 1.30%, 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 Sustainability

    Based on earnings estimates, Praxair will have a dividend payout ratio of 15.56% 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

    6.06% 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 4.6.
  • Change versus previous month

    Short interest in Praxair has recently decreased by 1.59%, indicating that investor sentiment is improving.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Praxair this week, compared to 1 article on an average week.
  • Search Interest

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

    3 people have added Praxair to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 $2,425,617.00 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.
Receive PX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Praxair and its competitors with MarketBeat's FREE daily newsletter.

PX Stock News Headlines

Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.
P10 Hosts Investor Day
P10 Reports Second Quarter 2024 Earnings Results
P10 Expands Credit Agreement to $500 Million
See More Headlines

PX Stock Analysis - Frequently Asked Questions

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 earned $71.08 million during the quarter, compared to analyst estimates of $66.04 million. Praxair had a trailing twelve-month return on equity of 25.21% and a net margin of 1.06%.

Praxair's board authorized a stock buyback program on Thursday, February 29th 2024, which permits the company to buy back $40,000,000 in shares, according to EventVestor. This means that the company could purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Praxair investors own include Intel (INTC), QUALCOMM (QCOM), Netflix (NFLX), Air Products and Chemicals (APD), Procter & Gamble (PG), Walt Disney (DIS) and Starbucks (SBUX).

Company Calendar

Last Earnings
8/08/2024
Ex-Dividend for 9/20 Dividend
8/30/2024
Dividend Payable
9/20/2024
Today
10/08/2024
Next Earnings (Estimated)
11/14/2024
Fiscal Year End
12/31/2024

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
$10.86
High Stock Price Target
$12.00
Low Stock Price Target
$9.50
Potential Upside/Downside
-1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$-7,130,000.00
Pretax Margin
4.28%

Debt

Sales & Book Value

Annual Sales
$241.73 million
Cash Flow
$1.19 per share
Book Value
$3.66 per share

Miscellaneous

Free Float
85,310,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
0.69
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for October 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

This page (NYSE:PX) was last updated on 10/8/2024 by MarketBeat.com Staff
From Our Partners