NEW YORK (
) hit a new 52-week high Friday as it traded at $99.93 compared with its previous 52-Week high of $99.92. Praxair is changing hands at $99.81 with 102,807 shares traded as of 10:08 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.
Praxair has a market cap of $29.7 billion and is part of the
industry. Shares are up 3.4% year to date as of the close of trading on Thursday.
Praxair, Inc. engages in the production, sale, and distribution of industrial gases primarily in North America, South America, Europe, and Asia. The company has a P/E ratio of 25.5, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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