Air Products & Chemicals Inc (APD) stock price forecast predicts $313.43 value

Air Products & Chemicals Inc [APD] stock prices are up 0.57% to $312.89 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The APD shares have gain 2.01% over the last week, with a monthly amount drifted -3.20%, 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 October 25, 2024, when Redburn Atlantic upgraded its rating to a Neutral but kept the price target unchanged to $330 for it. Previously, Vertical Research upgraded its rating to Buy on October 07, 2024, and kept the price target unchanged to $336. On October 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $364 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $365 on October 07, 2024. Deutsche Bank downgraded its rating to a Hold. Wolfe Research started tracking with a Outperform rating for this stock on March 01, 2024, and assigned it a price target of $279. In a note dated February 26, 2024, Argus downgraded an Hold rating on this stock.

The stock price of Air Products & Chemicals Inc [APD] has been fluctuating between $212.24 and $332.42 over the past year. Currently, Wall Street analysts expect the stock to reach $313.43 within the next 12 months. Air Products & Chemicals Inc [NYSE: APD] shares were valued at $312.89 at the most recent close of the market. An investor can expect a potential return of 0.17% based on the average APD price forecast.

Analyzing the APD fundamentals

The Air Products & Chemicals Inc [NYSE:APD] reported sales of 12.10B for trailing twelve months, representing a drop of -0.10%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.24 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.

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 310.15 points at the first support level, and at 307.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 314.33, and for the 2nd resistance point, it is at 315.78.

Ratios To Look Out For

It’s worth pointing out that Air Products & Chemicals Inc [NYSE:APD]’s Current Ratio is 1.52. Further, the Quick Ratio stands at 1.34, while the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 5.75, the price to book ratio is 4.61 and price to earnings (TTM) ratio is 18.21.

Transactions by insiders

Recent insider trading involved Kutz Jeffrey, VP, Controller & PAO, that happened on Dec 05 ’23 when 107.0 shares were sold.

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