Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Air Products and Chemicals Inc. (NYSE: APD) improved of late. APD’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Air Products and Chemicals Inc. (NYSE: APD) stock rose slightly by 0.05% on 11/8/24. The stock closed at $312.99. Moreover, unusually high trading volume at 175% of normal accompanied the advance. The stock has risen 0.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Air Products and Chemicals has a neutral Appreciation Score of 49 but a good Power Rating of 81, with the Positive Value Trend Rating the result.
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