At the time of writing, Air Products & Chemicals Inc. [APD] stock is trading at $229.01, up 0.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The APD shares have lost -2.92% over the last week, with a monthly amount drifted -6.76%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Air Products & Chemicals Inc. [NYSE: APD] stock has seen the most recent analyst activity on March 01, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $279. Previously, Argus downgraded its rating to Hold on February 26, 2024. On February 16, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $305 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $264 on February 15, 2024. UBS downgraded its rating to a Neutral and reduced its price target to $241 on February 08, 2024. Seaport Research Partners downgraded its rating to Neutral for this stock on February 06, 2024. In a note dated February 05, 2024, Wells Fargo downgraded an Equal Weight rating on this stock.
For the past year, the stock price of Air Products & Chemicals Inc. fluctuated between $212.24 and $307.71. Currently, Wall Street analysts expect the stock to reach $305.77 within the next 12 months. Air Products & Chemicals Inc. [NYSE: APD] shares were valued at $229.01 at the most recent close of the market. An investor can expect a potential return of 33.52% based on the average APD price forecast.
Analyzing the APD fundamentals
According to Air Products & Chemicals Inc. [NYSE:APD], the company’s sales were 12.42B for trailing twelve months, which represents an -5.59% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 227.80 points at the first support level, and at 226.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 230.19, and for the 2nd resistance point, it is at 231.36.
Ratios To Look Out For
It is important to note that Air Products & Chemicals Inc. [NYSE:APD] has a current ratio of 1.81. On the other hand, the Quick Ratio is 1.58, and the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 4.10, the price to book ratio is 3.42 and price to earnings (TTM) ratio is 21.90.
Transactions by insiders
Recent insider trading involved Kutz Jeffrey, VP, Controller & PAO, that happened on Dec 05 ’23 when 107.0 shares were sold. Chairman, Pres. and CEO, Ghasemi Seifi completed a deal on Nov 13 ’23 to buy 11000.0 shares. Meanwhile, Chairman, Pres. and CEO Ghasemi Seifi bought 10000.0 shares on Nov 08 ’23.
