Air Products and Chemicals Inc. (NYSE: APD) has reported E.P.S. of $2.57 for its second fiscal quarter (ending March 31) versus $1.98 for the same period a year ago — an increase of 30%. However, this performance was $-0.61 short of the consensus estimate of $3.18. For the latest four quarters through March 31, E.P.S. were $11.07 compared to $9.74 a year ago — an increase of 14%.
Recent Price Action
On 4/30/24, Air Products and Chemicals Inc. (NYSE: APD) stock declined slightly by -0.7%, closing at $236.34. Moreover, exceptionally high trading volume at 223% of normal accompanied the decline. The stock has risen 0.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
APD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Air Products and Chemicals has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Air Products and Chemicals has a slightly negative Appreciation Score of 39 and a poor Power Rating of 16, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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