Air Products & Chemicals Inc (APD): Today's Featured Basic Materials Laggard
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.8%. By the end of trading, Air Products & Chemicals fell $2.76 (-3.0%) to $90.75 on heavy volume. Throughout the day, 4,378,158 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1,381,100 shares. The stock ranged in price between $90.47-$93.60 after having opened the day at $92.13 as compared to the previous trading day's close of $93.51. Other companies within the Basic Materials sector that declined today were:
(
), down 29.8%,
(
), down 27.5%,
(
), down 26.7% and
(
), down 18.7%.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. Air Products & Chemicals has a market cap of $19.1 billion and is part of the chemicals industry. The company has a P/E ratio of 18.4, above the S&P 500 P/E ratio of 17.7. Shares are up 9.0% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Air Products & Chemicals
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Air Products & Chemicals Ratings Report.
On the positive front,
(
), up 24.5%,
(
), up 18.1%,
(
), up 11.5% and
(
), up 10.3% , were all gainers within the basic materials sector with
(
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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