Stock Rating Upgrade
The Value Trend Rating for Air Products and Chemicals Inc. (NYSE: APD) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Air Products and Chemicals Inc. (NYSE: APD) stock closed at $272.64 on 12/1/23 after a modest gain of 0.8%. Moreover, unusually high trading volume at 154% of normal accompanied the advance. The stock has declined -0.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, APD is expected to continue to be a major Value Builder.
Air Products and Chemicals has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Air Products and Chemicals has a slightly negative Appreciation Score of 30 but a slightly positive Power Rating of 61, producing the Low Neutral Value Trend Rating.
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