Should I buy or sell Praxair stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Praxair in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PX shares. View PX analyst ratings or view top-rated stocks .

What is Praxair's stock price target for 2024?

6 analysts have issued 1-year price objectives for Praxair's shares. Their PX share price targets range from $9.00 to $15.00. On average, they expect the company's share price to reach $10.67 in the next twelve months. This suggests a possible upside of 43.8% from the stock's current price. View analysts price targets for PX or view top-rated stocks among Wall Street analysts .

When is Praxair's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our PX earnings forecast .

How can I listen to Praxair's earnings call?

Praxair will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Praxair's earnings last quarter?

Praxair, Inc. (NYSE:PX) released its quarterly earnings data on Thursday, February, 29th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The basic materials company had revenue of $63.07 million for the quarter, compared to analysts' expectations of $63.67 million. Praxair had a negative net margin of 2.95% and a positive trailing twelve-month return on equity of 23.70%. During the same quarter in the prior year, the company posted $0.22 EPS.

How often does Praxair pay dividends? What is the dividend yield for Praxair?

Praxair declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.0325 per share on Tuesday, March 26th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from the stock's previous quarterly dividend of $0.03. Read our dividend analysis for PX .

Is Praxair a good dividend stock?

Praxair (NYSE:PX) pays an annual dividend of $0.13 per share and currently has a dividend yield of 1.74%. Read our dividend analysis for PX .

How will Praxair's stock buyback program work?

Praxair announced that its Board of Directors has initiated a share repurchase program on Thursday, February 29th 2024, which permits the company to buyback $40,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

What other stocks do shareholders of Praxair own?

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

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.

NYSE:PX

Praxair (PX) Stock Price, News & Analysis

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

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Today's Range: $7.40
▼
$7.58
50-Day Range: $3.23
▼
$164.50
52-Week Range: $140.00
▼
$169.75

Volume: 683,963 shs
Average Volume: 587,512 shs
Market Capitalization: $868.52 million

P/E Ratio: N/A
Dividend Yield: 1.73%
Price Target: $10.67

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Praxair MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 43.8% Upside
$10.67 Price Target
Short Interest: Bearish
6.37% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$1.39 M Sold Last Quarter
Proj. Earnings Growth: 16.25%
From $0.80 to $0.93 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.79 out of 5 stars

Finance Sector

384th out of 843 stocks

Investment Advice Industry

22nd out of 46 stocks

4.3

Analyst's Opinion

Consensus Rating
Praxair has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Praxair has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.37% 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 3.4, 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 1.08%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Praxair pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Praxair has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on earnings estimates, Praxair will have a dividend payout ratio of 13.98% next year. This indicates that Praxair will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PX.

0.0

News and Social Media Coverage

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 1 people have searched for PX on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Praxair insiders have sold 149.17% more of their company's stock than they have bought. Specifically, they have bought $559,000.00 in company stock and sold $1,392,833.00 in company stock.
Percentage Held by Insiders
28.58% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Praxair are expected to grow by 16.25% in the coming year, from $0.80 to $0.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Praxair is -148.40, 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 -148.40, 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 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Praxair Stock (NYSE:PX)

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.

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Company Calendar

Last Earnings: 2/29/2024
Ex-Dividend for 3/26 Dividend: 3/08/2024
Dividend Payable: 3/26/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

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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: $10.67
High Stock Price Target: $15.00
Low Stock Price Target: $9.00
Potential Upside/Downside: +43.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.05)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.28
P/E Growth: N/A
Net Income: $-7,130,000.00
Net Margins: -2.95%
Pretax Margin: -1.30%
Return on Equity: 23.70%
Return on Assets: 12.33%

Debt

Debt-to-Equity Ratio: 0.68
Current Ratio: 1.67
Quick Ratio: 1.67

Sales & Book Value

Annual Sales: $241.73 million
Price / Sales: 3.56
Cash Flow: $1.15 per share
Price / Cash Flow: 6.45
Book Value: $3.66 per share
Price / Book: 2.03

Miscellaneous

Outstanding Shares: 115,880,000
Free Float: 82,759,000
Market Cap: $859.83 million
Optionable: Optionable
Beta: 0.52

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Key Executives

Mr. Stephen F. Angel (Age 62)
Chairman & CEO
Mr. Matthew J. White (Age 46)
Sr. VP & CFO
Ms. Anne K. Roby (Age 53)
Sr. VP
Mr. Eduardo F. Menezes (Age 55)
Exec. VP
Ms. Kelcey E. Hoyt (Age 48)
VP, Controller & Chief Accounting Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PX Stock Analysis - Frequently Asked Questions

Should I buy or sell Praxair stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Praxair in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PX shares.
View PX analyst ratings or view top-rated stocks.
What is Praxair's stock price target for 2024?: 6 analysts have issued 1-year price objectives for Praxair's shares. Their PX share price targets range from $9.00 to $15.00. On average, they expect the company's share price to reach $10.67 in the next twelve months. This suggests a possible upside of 43.8% from the stock's current price.
View analysts price targets for PX or view top-rated stocks among Wall Street analysts.
When is Praxair's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PX earnings forecast.
How can I listen to Praxair's earnings call?: Praxair will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Praxair's earnings last quarter?: Praxair, Inc. (NYSE:PX) released its quarterly earnings data on Thursday, February, 29th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The basic materials company had revenue of $63.07 million for the quarter, compared to analysts' expectations of $63.67 million. Praxair had a negative net margin of 2.95% and a positive trailing twelve-month return on equity of 23.70%. During the same quarter in the prior year, the company posted $0.22 EPS.
How often does Praxair pay dividends? What is the dividend yield for Praxair?: Praxair declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Monday, March 11th will be paid a dividend of $0.0325 per share on Tuesday, March 26th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for PX.

Is Praxair a good dividend stock?: Praxair (NYSE:PX) pays an annual dividend of $0.13 per share and currently has a dividend yield of 1.74%.
Read our dividend analysis for PX.
How will Praxair's stock buyback program work?: Praxair announced that its Board of Directors has initiated a share repurchase program on Thursday, February 29th 2024, which permits the company to buyback $40,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
What other stocks do shareholders of Praxair own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Praxair investors own include Intel (INTC), QUALCOMM (QCOM), Netflix (NFLX), Air Products and Chemicals (APD), Procter & Gamble (PG), Walt Disney (DIS), Starbucks (SBUX), Boeing (BA), NVIDIA (NVDA) and Caterpillar (CAT).
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.

This page (NYSE:PX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Praxair (PX) Stock Price, News & Analysis

Praxair MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Praxair Stock (NYSE:PX)

PX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™