Why Air Products Stock Is Inflating Today
A Wall Street analyst believes the market is incorrectly discounting Air Products and Chemicals (NYSE: APD), creating a buying opportunity. Shares of the gas distributor are up more than 4% as of 1 p.m. ET on the upgrade.
Air Products is a distributor of essential gases to industrial and medical users. The company in recent years has lived in the shadows of industry leader , and the valuation gap increased recently after Air Products missed on earnings and its stock plunged.
Today the company trades at an enterprise value about 13 times earnings before interest, taxes, depreciation, and amortization (EBITDA), compared to Linde's 18x multiple.
Source Fool.com
Linde plc Stock
€328.50
1.380%
Linde plc is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 418 € there is a positive potential of 27.25% for Linde plc compared to the current price of 328.5 €.
