Air Products and Chemicals (APD): New Buy Recommendation for This Basic Materials Giant
Bernstein analyst James Hooper maintained a Buy rating on Air Products and Chemicals yesterday and set a price target of $320.00. The company’s shares closed yesterday at $236.05.
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Hooper covers the Basic Materials sector, focusing on stocks such as BASF SE, Air Products and Chemicals, and PPG Industries. According to TipRanks, Hooper has an average return of -2.6% and a 32.00% success rate on recommended stocks.
In addition to Bernstein, Air Products and Chemicals also received a Buy from Alembic Global’s Hassan Ahmed in a report issued yesterday. However, today, Morgan Stanley maintained a Hold rating on Air Products and Chemicals (NYSE: APD).
Based on Air Products and Chemicals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.17 billion and a net profit of $4.9 million. In comparison, last year the company earned a revenue of $3.19 billion and had a net profit of $1.95 billion
Read More on APD:
Disclaimer & DisclosureReport an Issue
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- Air Products Board Member Lisa Davis to Retire
