Professional
Added to YB: 2023-12-04
Pitch date: 2023-12-04
APD [bullish]
Air Products and Chemicals, Inc.
-4.18%
current return
Author Info
No bio for this author
Company Info
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.
Market Cap
$54.1B
Pitch Price
$255.69
Price Target
360.00 (+48%)
Dividend
2.95%
EV/EBITDA
47.91
P/E
-139.66
EV/Sales
6.06
Sector
Chemicals
Category
growth
Air Products and Chemicals: Reaffirming BUY following fiscal 4Q results
APD: Strong Q4 beats estimates w/ $3.15 EPS (+10% YoY) on price hikes & FX. $15B project backlog, 41 years of dividend growth. FY24 EPS guided +11-14% to $12.80-$13.10. Premium valuation justified by leading mkt position & backlog. Focused on M&A & expansion over buybacks.
Read full article (5 min)