The stock of Air Products & Chemicals Inc. (NYSE: APD) has increased by 0.90 when compared to last closing price of 320.34. Despite this, the company has experienced a 4.15% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-14 that Air Products and Chemicals (APD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Air Products & Chemicals Inc. (NYSE: APD) Right Now?
Air Products & Chemicals Inc. (NYSE: APD) has a price-to-earnings ratio of 28.09x that is above its average ratio. Additionally, the 36-month beta value for APD is 0.83. 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.”
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The public float for APD is 220.60M and currently, short sellers hold a 2.08% ratio of that float. The average trading volume of APD on October 16, 2024 was 1.35M shares.
APD’s Market Performance
APD’s stock has seen a 4.15% increase for the week, with a 11.89% rise in the past month and a 19.51% gain in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 1.69% for Air Products & Chemicals Inc. The simple moving average for the last 20 days is 7.59% for APD stock, with a simple moving average of 24.16% for the last 200 days.
Analysts’ Opinion of APD
Many brokerage firms have already submitted their reports for APD stocks, with Vertical Research repeating the rating for APD by listing it as a “Buy.” The predicted price for APD in the upcoming period, according to Vertical Research is $336 based on the research report published on October 07, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see APD reach a price target of $364, previously predicting the price at $295. The rating they have provided for APD stocks is “Buy” according to the report published on October 07th, 2024.
Evercore ISI gave a rating of “Outperform” to APD, setting the target price at $365 in the report published on October 07th of the current year.
APD Trading at 12.82% 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 -0.20% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +11.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.07% upper at present.
During the last 5 trading sessions, APD rose by +4.15%, which changed the moving average for the period of 200-days by +17.87% in comparison to the 20-day moving average, which settled at $300.41. In addition, Air Products & Chemicals Inc. saw 18.05% in overturn over a single year, with a tendency to cut further gains.
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
- 0.32 for the gross margin
The net margin for Air Products & Chemicals Inc. stands at 0.21. The total capital return value is set at 0.09. Equity return is now at value 17.53, with 7.55 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 0.26. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 10.32.
Currently, EBITDA for the company is 4.66 billion with net debt to EBITDA at 2.81. When we switch over and look at the enterprise to sales, we see a ratio of 6.95. The receivables turnover for the company is 6.29for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Air Products & Chemicals Inc. (APD) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
