Looking To Buy Air Products and Chemicals Inc. (APD)? Read This First

Air Products and Chemicals Inc. (NYSE:APD) saw an upside of 1.24% to close Monday at $268.73 after adding $3.3 on the day. The 5-day average trading volume is 1,174,600 shares of the company’s common stock. It has gained $272.17 in the past week. An average of 1,035,765 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 989,728.

APD’s 1-month performance is 0.27% or $0.73 on its low of $251.97 reached on 10/06/21. The company’s shares have touched a 52-week low of $245.75 and high of $327.89, with the stock’s rally to the 52-week high happening on 06/02/21. YTD, APD has lost -1.64% or -$4.49. However, the current price is down -18.04%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 57.90 and a low of 9.288. APD stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.02 while the price-to-book (PB) in the most recent quarter is 4.55, with the price to cash flow ratio at 251.37.

Air Products and Chemicals Inc. pays an annual dividend of $6.00 per share. Its dividend yield is 2.23% and the payout ratio is 63.70%. APD paid $1.50 a share compared with prior rate of $1.50, down 0.0% from last year’s. The company has boosted its dividend for the last 39 consecutive years with the latest dividend increase of $0.16 reported on Thursday January 28 2021. Measured over the last 3 years, the Dividend has been growing by 41.05% yearly.

It is projected that Air Products and Chemicals Inc.’s next ex-dividend date will be on 31-Dec-2021. APD is expected to distribute $1.50 as its next dividend.

Air Products and Chemicals Inc.’s quick ratio for the period ended June 29 was 2.90, with the current ratio over the same period at 3.10 meaning that APD stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 31.20%. The trailing 12-month EBITDA margin is 37.52% while for the period ending June 29; Air Products and Chemicals Inc.’s operating margin was 22.70%. The firm’s gross profit as reported stood at $3.0 billion against revenue of $8.86 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Air Products and Chemicals Inc.’s cash and short-term investments amounted to $1.52 billion against total debt of $7.7 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected APD to announce $2.37 per share in earnings in its latest quarter, but it posted $2.31, representing a -2.50% surprise. EBITDA for the quarter stood at more than $912.8 million. APD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.76 billion, with total debt at $7.7 billion. Shareholders hold equity totaling $221.37 million

Technical Picture

Let’s look briefly at Air Products and Chemicals Inc. (APD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 68.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.24%.

The stock’s 5-day moving average is $263.06, reflecting a +4.98% or $12.74 change from its current price. APD is currently trading -0.29% above its 20-day SMA, -9.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.66% and +0.93% respectively.

Stochastic %K and %D was 76.28% and 63.05% and the average true range (ATR) pointed at 5.05. The RSI (14) points at 58.72%, while the 14-day stochastic is at 82.97% with the period’s ATR at 4.80. The stock’s 9-day MACD Oscillator is pointing at 5.28 and 5.33 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Air Products and Chemicals Inc. (NYSE: APD), Cowen reiterated its an Outperform rating for the company but lifted their price target by $360 to $335. Analysts offering their rating for APD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate APD as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

What is APD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $290.00 and a high of $347.00, with their median price target at $315.00. Looking at these predictions, the average price target given by analysts is for Air Products and Chemicals Inc. (APD) stock is $317.05.

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