Air Products & Chemicals Inc (APD): Today's Featured Chemicals Winner

Air Products & Chemicals was a winner within the chemicals industry, rising $3.03 (2.9%) to $108.64 on heavy volume
By TheStreet Wire ,

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Air Products & Chemicals

(

APD

) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day down 0.8%. By the end of trading, Air Products & Chemicals rose $3.03 (2.9%) to $108.64 on heavy volume. Throughout the day, 6,704,109 shares of Air Products & Chemicals exchanged hands as compared to its average daily volume of 1,905,500 shares. The stock ranged in a price between $107.52-$109.98 after having opened the day at $108.78 as compared to the previous trading day's close of $105.61. Other companies within the Chemicals industry that increased today were:

Balchem Corporation

(

BCPC

), up 4.3%,

Taminco

(

TAM

), up 4.0%,

PolyOne Corporation

(

POL

), up 3.2% and

Metabolix

(

MBLX

), up 3.0%.

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 $21.8 billion and is part of the basic materials sector. Shares are up 25.7% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Air Products & Chemicals a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates

Air Products & Chemicals

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Lightbridge

(

LTBR

), down 13.1%,

Hawkins

(

HWKN

), down 10.5%,

Green Plains Renewable Energy

(

GPRE

), down 8.9% and

Potash Corporation of Saskatchewan

(

POT

), down 8.3% , were all laggards within the chemicals industry with

Monsanto Company

(

MON

) being today's chemicals industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the chemicals industry could consider

ProShares Short Basic Materials Fd

(

SBM

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

Loading ...