Air Products & Chemicals Inc. (NYSE: APD) has a higher price-to-earnings ratio of 22.71x compared to its average ratio, The 36-month beta value for APD is at 0.82. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for APD is 220.69M, and currently, shorts hold a 1.57% of that float. The average trading volume for APD on July 03, 2024 was 1.73M shares.
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APD) stock’s latest price update
Air Products & Chemicals Inc. (NYSE: APD) has seen a rise in its stock price by 1.48 in relation to its previous close of 247.34. However, the company has experienced a -6.02% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-07-02 that In December 2023, the global hydrogen pipeline expanded by 35%, reaching 1,400 projects amid economic challenges. These projects could total as much as $570 billion in investment by 2030, indicating strong industry growth.
APD’s Market Performance
Air Products & Chemicals Inc. (APD) has experienced a -6.02% fall in stock performance for the past week, with a -5.89% drop in the past month, and a 4.65% rise in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 2.02% for APD. The simple moving average for the past 20 days is -7.56% for APD’s stock, with a -3.46% simple moving average for the past 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 -2.91% 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 -18.43% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -7.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.36% upper at present.
During the last 5 trading sessions, APD fell by -6.02%, which changed the moving average for the period of 200-days by -18.00% in comparison to the 20-day moving average, which settled at $270.52. In addition, Air Products & Chemicals Inc. saw -8.33% 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:
- 0.22 for the present operating margin
- 0.31 for the gross margin
The net margin for Air Products & Chemicals Inc. stands at 0.2. The total capital return value is set at 0.09. Equity return is now at value 17.00, with 7.54 for asset returns.
Based on Air Products & Chemicals Inc. (APD), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 10.37.
Currently, EBITDA for the company is 4.66 billion with net debt to EBITDA at 2.61. When we switch over and look at the enterprise to sales, we see a ratio of 5.56. The receivables turnover for the company is 7.08for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Air Products & Chemicals Inc. (APD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
