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Air Products and Chemicals (APD): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Mon Feb 2, 9:20AM CST

In a report released on January 30, James Hooper from Bernstein maintained a Buy rating on Air Products and Chemicals, with a price target of $300.00. The company’s shares closed last Friday at $272.50.

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According to TipRanks, Hooper is a 2-star analyst with an average return of 1.9% and a 60.71% success rate. Hooper covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Air Liquide, and Akzo Nobel NV.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Air Products and Chemicals with a $284.80 average price target, which is a 4.51% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a $301.00 price target.

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Based on Air Products and Chemicals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.1 billion and a net profit of $678.2 million. In comparison, last year the company earned a revenue of $2.93 billion and had a net profit of $617.4 million

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