Here’s Why You Should Hold Onto Air Products Stock for Now
Air Products and Chemicals, Inc. (NYSE: APD) is expected to gain from its project investments, productivity actions and new business deals amid the softness in China and Europe.
The company’s shares have lost 9.6% over a year compared with a 10.6% decline of its industry.
Image Source: Zacks Investment Research
Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
High-return Projects and Productivity Actions Aid APD Stock
Air Products is well-placed to benefit from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.
Air Products is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits …
Full story available on Benzinga.com
