Here's Why You Should Add Praxair (PX) To Your Portfolio
Zacks Investment Research | Mar 05, 2018 09:00PM ET
We issued an updated research report on Praxair Inc. (NYSE:PX) on Mar 5. Strengthening end markets, efforts for improving products and services, and commitment toward rewarding shareholders make Praxair a good investment choice for investors seeking exposure in the chemical space.
This industrial gas producer and supplier currently carries a Zacks Rank #2 (Buy) and has the market capitalization of approximately $43.9 billion. Its merger with Linde AG (DE:LING) (signed in June 2017) in an all-stock transaction currently awaits regulatory approvals. Per the agreement, Praxair’s efficient operating model and Linde’s expertise in engineering and technology will create a leading industrial gas company that will have a strong international presence, a large customer base and a solid financial flexibility.
Below we discussed why investors should consider adding Praxair’s stock to their portfolio.
Share Price Performance and Earnings Estimate Revision: Praxair’s financial performance has been impressive in 2017 with better-than-expected results in all the four quarters. The company delivered an average positive earnings surprise of 3% over the said time frame. Solid results and improved operating conditions in the industry primarily supported the company’s share price rally of 35.1% in the year.
Also, market sentiments have been positive for Praxair in the last month. The stock yielded 1.8%, outperforming the 2.2% decline of the Original post
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