Momentum Stock Watch: Air Products and Chemicals Inc. (APD)

 

Company Profile:

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The Company provides industrial gases and related equipment to dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. It is a world-leading Industrial Gases company in operation for over 75 years. It is also the world’s leading supplier of liquefied natural gas process technology and equipment. Air Products and Chemicals, Inc. was founded in 1940 and is headquartered in Allentown, Pennsylvania.

Recent News:

The company will release its fiscal 2019 first quarter financial results on January 25, 2019 before the stock market opens and will review these results later that day in a teleconference at 10:00 a.m. ET.

The Board of Directors of the company declared a quarterly dividend of $1.10 per share of common stock. The dividend is payable on February 11, 2019 to shareholders of record at the close of business on January 2, 2019.

On Jan. 7, 2019, the company announced plans to build a second liquid hydrogen production facility in California to meet increasing product demand from several customer markets, including the growing fleet of hydrogen fuel cell vehicles (FCV) in the state.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

APD’s strengths can be seen in its better growth, strong profitability and better solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the MACD is trying to cross back up and the RSI stands at 53.06 with positive bias. We rate Air Products and Chemicals Inc. (APD) a STRONG BUY.

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