Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.9%. By the end of trading, Praxair fell $1.69 (-1.3%) to $129.66 on average volume. Throughout the day, 1,249,744 shares of Praxair exchanged hands as compared to its average daily volume of 1,291,800 shares. The stock ranged in price between $129.63-$131.78 after having opened the day at $131.54 as compared to the previous trading day's close of $131.35. Other companies within the Utilities sector that declined today were:
), down 17.5%,
), down 8.9%,
), down 5.2% and
), down 4.0%.
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Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $38.7 billion and is part of the chemicals industry. Shares are up 1.0% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Praxair a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Praxair Ratings Report.
On the positive front,
), up 2.0% was a gainer within the utilities sector with
) being today's featured utilities sector leader.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
) while those bearish on the utilities sector could consider
- Find other investment ideas from our top rated ETFs lists.