TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.
The following ratings changes were generated on Thursday, April 23.
We've upgraded Air Products & Chemicals(APD Quote) from hold to buy, driven by its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Air Products' gross profit margin of 36.4% has increased from the same quarter last year, and its net profit margin of 10.5% is above the industry average. Revenue fell 24.9% compared with the year-ago quarter, and EPS declined by 22.6%. We feel the company is likely to report an earnings decline in the coming year. Net income fell 34.6%, from $314.3 million in the year-ago quarter to $205.6 million in the most recent quarter. Air Products' debt-to-equity ratio of 0.9 is somewhat low overall but high compared with the industry average. The quick ratio of 0.7 implies weak liquidity. ...
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