Citi analyst Patrick Cunningham, CFA maintains $Air Products & Chemicals (APD.US)$ with a buy rating, and adjusts the target price from $345 to $365.
According to TipRanks data, the analyst has a success rate of 63.9% and a total average return of 6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Air Products & Chemicals (APD.US)$'s main analysts recently are as follows:
The assumption is that there will be a gradual increase in earnings throughout the year, influenced by typical seasonal patterns, modest project ramps, and stabilization from the broader economic climate. Additionally, comments from Air Products regarding Louisiana indicate concrete potential progress towards project de-risking.
The company has undertaken measures to mitigate investor apprehensions, as revealed in their earnings conference call. Air Products has projected to achieve a positive free cash flow status by 2027, addressing a key issue regarding persistent negative cash flow generation within the industrial gas sector.
Although the baseline fiscal 2025 earnings forecasts are being adjusted downwards and there has been a reiteration of management's strategy, the relative outperformance of the stock suggests that the market may be factoring in enhanced prospects for activist achievements.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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