Analysis Of The Weekly Performance Of Air Products and Chemicals Inc. (APD)

Air Products and Chemicals Inc. (NYSE:APD) finished Wednesday with an addition of $6.02 to close at $278.42, an upside of 2.21 percent. An average of 1,228,680 shares of common stock have been traded in the last five days. There was a gain of $17.67 in the past week. The last 20 days have seen an average of 1,066,240 shares traded, while the 50-day average volume stands at 1,019,340.

APD stock has increased by 3.56% in the last month. The company shares reached their 1-month lowest point of $251.97 on 10/06/21. With the stock rallying to its 52-week high on 06/02/21, shares of the company touched a low of $245.75 and a high of $327.89 in 52 weeks. In spite of this, the price is down -15.09% from the 52-week high.


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Valuation Metrics

Air Products and Chemicals Inc. (APD) has a trailing price-to-earnings (P/E) ratio of 31.65, which compares with the 17.00 for the broader industry and 13.61 for the sector. In the last five years, Air Products and Chemicals Inc.’s PE ratio has ranged between 57.90 and 9.288. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.24, the price-to-book (PB) ratio at 4.72, and the price-to-cash flow ratio at 260.43.

Air Products and Chemicals Inc. pays a $6.00 dividend per share annually. It offers a dividend yield of 2.16%. The company has a payout ratio of 63.70%. The company’s most recent quarterly dividend payment was $1.50 a share, without any change from last year. Its dividend has been increased for the last 39 consecutive years with the latest increase dividend $0.16 reported on Thursday January 28 2021. Dividends have grown by 41.05% each year over the last three years.

Air Products and Chemicals Inc. will next go ex-dividend on 31-Dec-2021. The next dividend payment Air Products and Chemicals Inc. will make is expected to be $1.50.

The quick ratio of Air Products and Chemicals Inc. for the three months ended June 29 was 2.90, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.59 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 31.20% against a 5-year average of 31.7%. Air Products and Chemicals Inc.’s EBITDA margin for the year ending June 29 is 37.52%, while its operating margin for the same period stands at 22.70%. Its gross profit as reported stood at $3.0 billion compared to revenue of $8.86 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Air Products and Chemicals Inc.’s return on assets was 7.60%, compared to 9.2% over the last five years. In the past year, the return on investment has been 8.80%, and the 5-year average is 12.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 15.60% and the 5-year average holds at 18.1%. For the broader industry, ROE averaged 8.64 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Air Products and Chemicals Inc. had $1.52 billion in cash. The analyst consensus anticipated Air Products and Chemicals Inc.’s latest quarter earnings to come in at $2.37 per share, but it turned out to be $2.31, a -2.50% surprise. For the quarter, EBITDA amounted to $912.8 million. Shareholders own equity worth $221.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Air Products and Chemicals Inc. (APD) price momentum. RSI 9-day as of the close on 13 October was 80.10%, suggesting the stock is Overbought, with historical volatility in this time frame at 8.78%.

As of today, APD’s price is $269.67 +6.78% or $17.67 from its 5-day moving average. APD is currently trading +3.31% higher than its 20-day SMA and -6.63% lower than its 100-day SMA. However, the stock’s current price level is -4.21% below the SMA50 and +3.66% above the SMA200.

The stochastic %K and %D were 91.12% and 84.31%, respectively, and the average true range (ATR) was 5.28. With the 14-day stochastic at 95.76% and the average true range at 4.98, the RSI (14) stands at 70.12%. The stock has reached 8.79 on the 9-day MACD Oscillator while the 14-day reading was at 10.35.

Analyst Ratings

Mizuho launched coverage on Air Products and Chemicals Inc. (NYSE: APD) in its analyst report released on October 13, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Air Products and Chemicals Inc. (APD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APD, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.

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

Analysts predict a range of price targets between $290.00 and $347.00, with a median target of $315.00. Taking a look at these predictions, the average price target given by analysts for Air Products and Chemicals Inc. (APD) stock is $316.86.

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