Seaport Global analyst Michael Harrison CFA maintains $Air Products & Chemicals (APD.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 7.3% 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 expectation is for Air Products to experience a gradual increase in earnings throughout the year, influenced by regular seasonal trends, modest progress in projects, and a stabilizing macroeconomic environment. Additionally, the company's remarks on Louisiana projects are viewed as concrete actions towards mitigating project-related risks.
Concerns regarding Air Products' earnings were addressed during their conference call, where the company clarified that it anticipates being free cash flow positive by 2027. This addresses a concern about persistent negative cash flow generation within the industrial gas sector.
Following the fiscal Q4 report, baseline fiscal 2025 earnings estimates are being adjusted downward. Despite this, the company's management has essentially reiterated its strategy. It is inferred from stock outperformance that the market may be anticipating more favorable outcomes from activist involvement.
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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