It’s Time to Buy the Dip in Air Products and Chemicals Inc. [APD] Stock

Over the past three months, Air Products and Chemicals Inc. [APD] ended the trading day at $267.19 and exhibited a change of -2.44% with a 24 hour trading and reached upto the volume of 1.14M compared to its recorded trading volume of 1.01 million. APD generated a 1 year amount change with 19.24%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -3.57% with an amount shift of -4.47% over the last month.

On 1, December 2020, Air Products Appoints Brian Galovich Senior Vice President and Chief Information Officer. According to news published on Yahoo Finance, Air Products (NYSE:APD) today announced that Brian Galovich has joined Air Products as senior vice president and chief information officer (CIO).

Analyst Birdseye View:

The most recent analyst activity for Air Products and Chemicals Inc. [NYSE:APD] stock was on November 12, 2020, when it was Downgrade with a Neutral rating from JP Morgan, which also lowered its 12-month price target on the stock from $310 to $280. Before that, on November 12, 2020, Credit Suisse Recapitulated an Outperform rating and elevated its amount target to $305. On September 22, 2020, Evercore ISI Initiated an Outperform rating. On July 24, 2020, Monness Crespi & Hardt Downgrade a Neutral rating. On June 16, 2020, HSBC Securities Downgrade a Hold rating and increased its price target to $225. On April 15, 2020, Bernstein Upgrade an Outperform rating and boosted its amount target on this stock to $262. On March 11, 2020, Wells Fargo Upgrade an Overweight rating and boosted its target amount on this stock from $260 to $265. Morgan Stanley elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $167.43 and a peak of $327.89. Right now, according to Wall Street analyst the average 12-month amount target is $306.37. At the most recent market close, shares of Air Products and Chemicals Inc. [NYSE:APD] were valued at $267.19. According to the average price forecast, investors can expect a potential return of 0.06%.

FUNDAMENTAL ANALYSIS

Air Products and Chemicals Inc. [NYSE:APD] most recently reported quarterly sales of 2.32 billion, which represented growth of 1.60%. This publicly-traded organization’s revenue is $459,460 per employee, while its income is $98,625 per employee. This company’s Gross Margin is currently 33.90%, its Operating Margin is 25.30%, its Pretax Margin is +27.37, and its Net Margin is +21.47. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 8.62, 16.44, 12.05 and 11.14 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 40.77 and the whole liability to whole assets at 33.03. It shows enduring liability to the whole principal at 38.08 and enduring liability to assets at 0.31 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 271.00 points at 1st support level, the second support level is making up to 268.12. But as of 1st resistance point, this stock is sitting at 279.63 and at 285.38 for 2nd resistance point.

Air Products and Chemicals Inc. [APD] reported its earnings at $2.19 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $2.21/share signifying the difference of -0.02 and -0.90% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $2.01 calling estimates for $1.99/share with the difference of 0.02 depicting the surprise of 1.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Air Products and Chemicals Inc. [NYSE:APD] is 3.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 2.63. Now if looking for a valuation of this stock’s amount to sales ratio it’s 7.48, it’s amount to book ratio is 5.45 and showing 32.03 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by MONSER EDWARD L, Director, and it was the purchase of 200.0 shares on Jan 29.