Praxair Reaches New 52-Week High (PX)

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.

NEW YORK ( TheStreet) -- Praxair (NYSE: PX) hit a new 52-week high Friday as it is currently trading at $117.65, above its previous 52-week high of $116.90 with 173,474 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Praxair has a market cap of $34.01 billion and is part of the basic materials sector and chemicals industry. Shares are up 6.6% year to date as of the close of trading on Thursday.

Praxair, Inc. engages in the production, distribution, and sale of atmospheric and process gases, and surface coatings in North America, Europe, South America, and Asia. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7.

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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, good cash flow from operations, expanding profit margins, increase in stock price during the past year 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 Praxair Ratings Report.

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