Air Products & Chemicals Inc. (APD) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Air Products & Chemicals Inc. (NYSE: APD) is above average at 22.91x. The 36-month beta value for APD is also noteworthy at 0.81. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”

The public float for APD is 218.78M, and at present, short sellers hold a 1.28% of that float. The average trading volume of APD on April 04, 2024 was 1.83M shares.

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APD) stock’s latest price update

Air Products & Chemicals Inc. (NYSE: APD)’s stock price has plunge by -0.10relation to previous closing price of 239.84. Nevertheless, the company has seen a 0.74% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-31 that Vanguard High Dividend Yield ETF is off to a good start this year +8.98%, while the SPDR S&P 500 ETF Trust is performing even better +10.39%. The top 10 stocks on the watchlist for April 2024 offer a 3.61% dividend yield, more than double the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 16.32% since its inception in November 2020.

APD’s Market Performance

Air Products & Chemicals Inc. (APD) has seen a 0.74% rise in stock performance for the week, with a 0.50% gain in the past month and a -12.39% plunge in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.59% for APD. The simple moving average for the last 20 days is -1.03% for APD stock, with a simple moving average of -11.96% for the last 200 days.

Analysts’ Opinion of APD

Many brokerage firms have already submitted their reports for APD stocks, with Wolfe Research repeating the rating for APD by listing it as a “Outperform.” The predicted price for APD in the upcoming period, according to Wolfe Research is $279 based on the research report published on March 01, 2024 of the current year 2024.

TD Cowen gave a rating of “Outperform” to APD, setting the target price at $305 in the report published on February 16th of the current year.

APD Trading at 0.11% from the 50-Day Moving Average

After a stumble in the market that brought APD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.13% of loss for the given period.

Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +0.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.17% lower at present.

During the last 5 trading sessions, APD rose by +0.74%, which changed the moving average for the period of 200-days by -17.60% in comparison to the 20-day moving average, which settled at $242.10. In addition, Air Products & Chemicals Inc. saw -12.49% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at APD starting from Kutz Jeffrey, who sale 107 shares at the price of $264.74 back on Dec 05 ’23. After this action, Kutz Jeffrey now owns 1,270 shares of Air Products & Chemicals Inc., valued at $28,327 using the latest closing price.

Ghasemi Seifi, the Chairman, Pres. and CEO of Air Products & Chemicals Inc., purchase 11,000 shares at $264.42 during a trade that took place back on Nov 13 ’23, which means that Ghasemi Seifi is holding 670,673 shares at $2,908,620 based on the most recent closing price.

Stock Fundamentals for APD

Current profitability levels for the company are sitting at:

  • 0.23 for the present operating margin
  • 0.31 for the gross margin

The net margin for Air Products & Chemicals Inc. stands at 0.19. The total capital return value is set at 0.09. Equity return is now at value 16.17, with 7.47 for asset returns.

Based on Air Products & Chemicals Inc. (APD), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 11.69.

Currently, EBITDA for the company is 4.66 billion with net debt to EBITDA at 2.35. When we switch over and look at the enterprise to sales, we see a ratio of 5.16. The receivables turnover for the company is 6.17for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.

Conclusion

In summary, Air Products & Chemicals Inc. (APD) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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