An Overview of Praxair
Praxair Inc. is a multinational industrial gas company based in Danbury, Connecticut. It is one of the largest industrial gas companies in the world, with operations in North and South America, Europe, and Asia. The company produces and distributes atmospheric, process, and specialty gases, as well as high-performance surface coatings. It also provides related services, including gas processing, gas storage, and gas distribution. Founded in 1907, Praxair has become a leading global supplier of industrial gases and related technology.
Praxair's Stock Price History
Praxair's stock price has seen a steady increase over the past 10 years. In 2012, it was trading at around $90 per share. By the end of 2013, it had reached a peak of $125 per share. Since then, it has seen a steady increase, reaching $150 per share in 2018. At the time of writing, Praxair is trading at around $170 per share.
The Impact of Global Events on Praxair's Stock Price
Global events have had a major impact on Praxair's stock price. In 2016, the company's stock price dropped sharply after the Brexit vote, as investors feared that it would be negatively impacted by the UK's decision to leave the European Union. The following year, the stock price rebounded after Praxair announced a deal with a Chinese firm to expand its presence in the country. In 2019, the stock price dropped again after the US-China trade war intensified, with investors fearing that Praxair's operations in China would be affected.
Praxair's Dividend History
Praxair is a dividend-paying company, and its dividend policy has remained steady over the past 10 years. The company has increased its dividend for 20 consecutive years, and its dividend yield currently stands at 2.1%. It is important to note that the company's dividend yield is higher than the average dividend yield of the S&P 500, which is currently 1.7%.
Analysts' Views on Praxair's Stock Price
Analysts have generally been bullish on Praxair's stock price. The average analyst price target for the stock is currently $188, which is 10% higher than its current price. Most analysts have a buy or overweight rating on the stock, with only a few recommending a hold or sell. The consensus among analysts is that Praxair is well-positioned for long-term growth and that its stock price will continue to increase over the next few years.
Praxair Stock Performance
Praxair's stock price has generally performed well over the past 10 years. Since 2012, it has increased by more than 90%. It has outperformed the S&P 500, which has gained around 75% over the same period. The stock has also outperformed its peers, such as Air Products & Chemicals and Linde plc, which have gained around 50% and 70%, respectively, since 2012.
Conclusion
Praxair's stock price has seen a steady increase over the past 10 years, and it is currently trading at around $170 per share. It has outperformed the S&P 500 and its peers over the same period, and analysts are generally bullish on the stock. The company's dividend yield is also higher than the average dividend yield of the S&P 500. Investors may want to consider adding Praxair to their portfolios in order to benefit from its long-term growth potential.