Air Products and Chemicals (APD): New Buy Recommendation for This Basic Materials Giant
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Air Products and Chemicals yesterday and set a price target of $325.00.
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Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Huntsman. According to TipRanks, Viswanathan has an average return of -1.8% and a 46.00% success rate on recommended stocks.
In addition to RBC Capital, Air Products and Chemicals also received a Buy from Mizuho Securities’s John Roberts CFA in a report issued yesterday. However, on December 17, Citi downgraded Air Products and Chemicals (NYSE: APD) to a Hold.
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
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