Praxair Inc. (PX): Today's Featured Chemicals Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Praxair ( PX) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.2%. By the end of trading, Praxair rose $1.10 (1%) to $107.21 on average volume. Throughout the day, 960,123 shares of Praxair exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $106.08-$107.43 after having opened the day at $106.29 as compared to the previous trading day's close of $106.11. Other companies within the Chemicals industry that increased today were: Cereplast ( CERP), up 6.4%, REX American Resources ( REX), up 5.7%, Metabolix ( MBLX), up 5.6%, and Flexible Solutions International ( FSI), up 3.3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Praxair, Inc. engages in the production, distribution, and sale atmospheric and process gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $31.66 billion and is part of the basic materials sector. The company has a P/E ratio of 19, above the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Praxair a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.

null

More from Markets

Airlines Rebuke Trump Policy of Separating Children

Airlines Rebuke Trump Policy of Separating Children

Dow Fluctuates, Nasdaq Strikes Record High

Dow Fluctuates, Nasdaq Strikes Record High

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Deutsche Bank Fined $205 Million Over Currency-Trading Violations

Deutsche Bank Fined $205 Million Over Currency-Trading Violations

Instagram Launches New Longform Video Platform

Instagram Launches New Longform Video Platform