Praxair - PX Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Praxair in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PX shares.
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2 Wall Street research analysts have issued 12 month price targets for Praxair's stock. Their PX share price forecasts range from $13.00 to $15.00. On average, they anticipate the company's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Praxair, Inc. (NYSE:PX) released its quarterly earnings data on Thursday, October, 26th. The basic materials company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.06. The basic materials company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.84 billion. Praxair had a trailing twelve-month return on equity of 23.19% and a net margin of 13.98%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share.

Praxair announced a quarterly dividend on Thursday, November 10th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.03 per share on Tuesday, December 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, November 29th.
Read our dividend analysis for PX.

Praxair (NYSE:PX) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.15%. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PX will have a dividend payout ratio of 12.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PX.

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).

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

Praxair trades on the New York Stock Exchange (NYSE) under the ticker symbol "PX."

One share of PX stock can currently be purchased for approximately $10.39.

Praxair (NYSE:PX) has a market capitalization of $1.22 billion and generates $150.53 million in revenue each year. The basic materials company earns $10.77 million in net income (profit) each year or $0.22 on an earnings per share basis.

Praxair's mailing address is 10 Riverview Drive, DANBURY CT, 06810. The official website for the company is www.praxair.com. The basic materials company can be reached via phone at 203-837-2000 or via email at juan_pelaez@praxair.com.