Air Products and Chemicals Inc. (NYSE: APD) has reported earnings for its third fiscal quarter (ending June 30) of $3.13 versus $2.68 for the same period a year ago. E.P.S. were $11.52 for the latest four quarters through June 30 versus $9.80 for the same period a year ago.
Recent Price Action
On 8/1/24, Air Products and Chemicals Inc. (NYSE: APD) stock enjoyed a very large increase of 9.0%, closing at $287.47. Moreover, exceptionally high trading volume at 206% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 10.5% during the last week.
Current PriceTarget Research Rating
APD is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Air Products and Chemicals has a current Value Trend Rating of D (Negative). 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 37 and a poor Power Rating of 30, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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