As of Friday close, Air Products and Chemicals Inc.’s (NYSE:APD) stock was up $0.32, moving up 0.11 percent to $284.82. The average number of shares traded per day over the past five days has been 682,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.97 fall in that time frame. In the last twenty days, the average volume was 887,195, while in the previous 50 days, it was 826,314.
Since last month, APD stock retreated -5.48%. Shares of the company fell to $280.77 on 08/08/23, the lowest level in the past month. A 52-week high of $328.56 was reached on 01/31/23 after having rallying from a 52-week low of $224.75. Since the beginning of this year, APD’s stock price has dropped by -7.60% or -$23.44, and marked a new high 6 times. However, the stock has declined by -13.31% since its 52-week high.
APD stock investors should be aware that Air Products and Chemicals Inc. (APD) stock had its last reported insider trading activity 242 days ago on Dec 20. Major Sean D, the Executive VP & General Counsel of the company, disposed of 485 shares for $313.00 on Dec 20. It resulted in a $151,803 divestment by the insider.
Valuation Metrics
Right now, Air Products and Chemicals Inc. (APD) has a P/E ratio of about 29.11. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 4.83, the price-to-book (PB) ratio of 4.48.
The latest dividend of $1.75 per share was paid out, remained unchanged from last year’s $1.75.
Financial Health
In the three months ended June 29, Air Products and Chemicals Inc.’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.61, and the total debt-to-equity ratio was 0.66. On the profitability front, the trailing twelve-month gross margin is 28.80% percent. In the year ended June 29, EBITDA margin amounted to 29.10%, whereas operating margins totaled 18.40%. Based on annual data, APD earned $3.36 billion in gross profit and brought in $12.7 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.80%. Return on equity (ROE) for the past 12 months was 15.90%.
In Air Products and Chemicals Inc.’s quarter-end financial report for June 29, it reported total debt of $8.47 billion against cash and short-term investments of $268.7 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. APD’s revenue fell -5.12% to $3.2 billion during the quarter, while net income inched up to $3.03 billion. While analysts expected Air Products and Chemicals Inc. to report $2.91 quarterly earnings, the actual figure was $2.98 per share, beating the consensus estimate by 2.40%. During the quarter, the company generated $984.1 million in EBITDA. The liabilities of Air Products and Chemicals Inc. were 15.56 billion at the end of its most recent quarter ended June 29, and its total debt was $10.11 billion. The value of shareholders’ equity is $222.15 million.
Technical Picture
This quick technical analysis looks at Air Products and Chemicals Inc.’s (APD) price momentum. With a historical volatility rate of 14.45%, the RSI 9-day stood at 38.91% on 18 August.
With respect to its five-day moving average, the current Air Products and Chemicals Inc. price is down by -1.37% percent or -$3.97. At present, APD shares trade -5.92% below its 20-day simple moving average and +5.41% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.85% above its SMA50 and +13.75% above its SMA200.
Stochastic coefficient K was 17.20% and Stochastic coefficient D was 20.24%, while ATR was 5.08. Given the Stochastic reading of 16.16% for the 14-day period, the RSI (14) reading has been calculated as 41.62%. As of today, the MACD Oscillator reading stands at -1.05, while the 14-day reading stands at -2.81.
Analyst Ratings
Citigroup launched its rating on Air Products and Chemicals Inc. (NYSE: APD) to a Buy in a note to investors on June 14, 2023. Air Products and Chemicals Inc. (APD) has been rated Overweight by analysts. According to 0 brokerage firms, APD is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Air Products and Chemicals Inc. stock as buy, with 15 recommending it as overweight.
With a median target price of $328.00, the current consensus forecast for the stock is $300.00 – $385.00. Based on these forecasts, analysts predict Air Products and Chemicals Inc. (APD) will achieve an average price target of $329.36.
