5 Best Materials Stocks for 2021
Number of Hedge Fund Holders: 32
Air Products and Chemicals, Inc. (NYSE: APD) is a company providing atmospheric gases, process and speciality gases, equipment, and services worldwide. The company ranks 5th on our list of the best materials stocks for 2021.
On June 11th, Susquehanna upgraded Air Products and Chemicals, Inc. (NYSE: APD) to Positive with a $350 price target. The company also revealed plans to build a net-zero hydrogen energy complex in Alberta this year. In the fiscal second quarter of 2021, Air Products and Chemicals, Inc. (NYSE: APD) had an EPS of $2.08, missing estimates by -$0.03. The company’s revenue was $2.5 billion, up 12.89% year over year, beating estimates by $149.99 million and it has a gross profit margin of 32.1%. The stock has gained 7.68% in the past 6 months and year to date.