Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Industrial gas producer and supplier, Praxair Inc. (PX - Analyst Report) is all set to enhance capacity in the Port of Antwerp, a move expected to benefit the company over the long run. The Port of Antwerp is the world’s second largest petrochemical enclave after Houston, Texas.

Praxair plans to build its second air separation plant in the region with daily capacity of 1,300 tons. In addition, the company will also work to extend its pipeline system in the port. The operations at the plant are expected to commence by early 2016.    

This move will increase Praxair’s oxygen and nitrogen capacity and will place the company in an advantageous position among customers seeking long-term supply. In addition, the new plant will produce liquid oxygen, nitrogen and argon.

A series of plant start-ups and contract wins signifies the growing preferences among customers for Praxair’s world class technology, high quality products and gas supply services. Moreover, its products are being increasingly used for various purposes across various industries, including hydrogen for refining; oxygen for healthcare; and nitrogen and carbon dioxide for oil and gas production.

Praxair is slated to release its second-quarter 2013 financial results on Jul 24. The current Zacks Consensus Estimate for the second quarter of 2013 is $1.49, up 4.7% year over year. For full year 2013 and 2014, the estimates are pegged at $5.98 and $6.78, reflecting annual growth of 7.3% and 6.8%, respectively.

Praxair has a market capitalization of roughly $34.4 billion. The stock currently bears a Zacks Rank #3 (Hold). Other stocks to watch out for in the industry are Methanex Corporation (MEOH - Analyst Report), Shin-Etsu Chemical Co., Ltd. (SHECY) and FMC Corp. (FMC - Analyst Report). Of these, Methanex and Shin-Etsu carry a Zacks Rank #1 (Strong Buy), while FMC has a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%