Air Products and Chemicals Inc. (NYSE: APD) has reported earnings for its fourth fiscal quarter (ending September 30) of $3.08 versus $2.57 for the same period a year ago — an increase of 20%. However, this result fell short of the consensus estimate of $3.11 by $-0.03. For the latest four quarters through September 30, E.P.S. were $10.31 versus $10.11 for the same period a year ago — an increase of 2%.
Recent Price Action
Air Products and Chemicals Inc. (NYSE: APD) stock suffered a major decline of -12.6% on 11/7/23. The shares closed at $254.46. The stock has been strong relative to the market over the last nine months but has declined -9.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Air Products and Chemicals has a poor Appreciation Score of 22 but a slightly positive Power Rating of 64, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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