For its fourth fiscal quarter (ending September 30), Air Products and Chemicals Inc. (NYSE: APD) has reported a 186% increase in E.P.S. from $3.08 a year ago to $8.82 in the current quarter. E.P.S. were $17.27 for the latest four quarters through September 30 versus $10.31 for the same period a year ago — an increase of 68%.
Recent Price Action
On 11/7/24, Air Products and Chemicals Inc. (NYSE: APD) stock increased 2.0%, closing at $312.82. Moreover, this advance was accompanied by above average trading volume at 149% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Air Products and Chemicals has a slightly negative Appreciation Score of 32 but a good Power Rating of 82, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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