Home Sectors Basic Materials Current Technicals: Praxair (NYSE: PX)

Current Technicals: Praxair (NYSE: PX)

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Praxair trades as part of the chemicals industry and basic materials sector. The company CEO is Stephen F. Angel. Praxair Inc is a supplier of gas in the United States. It produces, distributes and sells atmospheric and process gases and surface coatings in North America, Europe, South America, and Asia. Its products are oxygen, helium, nitrogen and specialty gases.

Previous Intraday Trading Performance:

The PX stock showed a previous change of -0.60% with an open at 166.04 and a close of 164.50. It reached an intraday high of 167.67 and a low of 162.74.

Business Wire:  Praxair Signs Long-Term Supply Agreement with Samsung in Hwaseong, South Korea

Liquidity:

The stock has a market cap of $47.3b with 287.6m shares outstanding, of which the float is 286.7m shares. Trading volume reached 57,372,118 shares compared to its average volume of 5,646,166 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Praxair shares returned 2.03% and in the past 30 trading days it returned 0.08%. Over three months, it changed 1.22%. In one year it has changed 17.49% and within that year its 52-week high was 169.75 and its 52-week low was 140.00. PX stock is 17.50% above its 52 Week Low.

Our calculations show a 200 day moving average of 156.29 and a 50 day moving average of 160.77. Currently PX stock is trading 5.25% above its 200 day moving average.

Business Wire:  Praxair Signs Long-Term Supply Agreement with Samsung in Hwaseong, South Korea

Earnings:

The last annual fiscal EPS for the company was reported at 4.32 that ended on 31st of December 2017, which according to the previous close, that is a PE of 38.08. Based on 6 analyst estimates, the consensus EPS for the next quarter is 1.70. The TTM EPS is 6.39, which comes to a TTM PE of 25.74. Historically, the PE high was 38.08 and the PE low was 17.20. If the stock reached its PE low, that would represent a price of 109.92, which is a decrease of -33.18%.

The following are the last four quarter reported earnings per share:
09-30-2018:  1.70 (estimated)
06-30-2018:  1.72
03-31-2018:  1.65
12-31-2017:  1.52

The dividend per share is currently 3.30, which is a dividend yield of 2.01%. Also, the payout ratio is 51.64%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 82.25, which means it may be overvalued by -100.00%

Indicators to Watch:

Based on the latest filings, there is 0.30% of insider ownership and 93.10% of institutional ownership. Short-interest is 5,347,879, which is 1.86% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.20. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.94

CNBC:  Stocks making the biggest moves midday: Estee Lauder, Ralph Lauren, Alphabet & more

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 23.56%, return on assets is 7.00%, profit margin is 11.32%, price-to-sales is 5.25 and price-to-book is 7.85.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 3  :Past Performance Score
 3  :Financial Strength Score
 2  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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