#7 - Praxair (NYSE:PX)
Praxair (NYSE: PX) - Why does an industrial company make a list during a correction? Some might question whether an industrial stock should make a list like this in any economy. But Praxair has a competitive advantage – a broad reach that touches the right markets. The company’s core chemical-service business delivers the necessary components for key industries like aerospace, electronics, and healthcare. A case in point is an exclusive long-term agreement the company recently signed to supply oxygen to Fulcrum BioEnergy’s Sierra BioFuels plant. They also serve more traditional sectors like food and beverage. In short, they are a company that is a conduit for companies that tend to thrive no matter the economy. The stock has been trading in a tight range for the year but is currently offering a fairly attractive dividend yield of just over 3%. The government recently approved a merger that will make the company a wholly-owned subsidiary of Linde PLC.
About Praxair
Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
Read More - Current Price
- $13.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $13.29 (3.7% Downside)
