#2 - Air Products and Chemicals (NYSE:APD)
Air Products and Chemicals Inc. (NYSE: APD) is in the field of industrial gases. What this sector lacks in excitement, it makes up for in reliable revenue.
The company generated $12.6 billion on the top line in 2023. That was on par with the revenue it generated in 2022. But it's the bottom line that should draw investor attention. Air Products and Chemicals has been delivering double-digit earnings growth every year since 2014.
Investors also get a dividend aristocrat that has increased its dividend for 49 consecutive years. The dividend yields 3.11% and pays out $7.08 per share annually.
APD stock has an RSI of around 37. The stock is down over 16% in 2024 due to the company's poor first quarter earnings report they delivered in February. However, the Air Products and Chemicals Analyst Ratings on MarketBeat have a $276.36 price target for the stock, which would be a 21.3% increase.
About Air Products and Chemicals
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. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
Read More - Current Price
- $266.70
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $274.77 (3.0% Upside)
