Redburn Atlantic has recently raised Air Products and Chemicals Inc (APD) stock to Neutral rating, as announced on October 25, 2024, according to Finviz. Earlier, on October 7, 2024, Vertical Research had raised the stock from a Hold to Buy, setting a price target of $336. Jefferies also raised Buy rating with a price target of $364. Additionally, Evercore ISI raised rating on October 7, 2024, with a target price of $365. Deutsche Bank analysts, in their report published on July 22, 2024, also reduced Hold rating for Air Products and Chemicals Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Air Products and Chemicals Inc (APD) Stock Trading Recap
On Monday, Air Products and Chemicals Inc (APD) stock saw a modest uptick, ending the day at $313.91 which represents a slight increase of $0.92 or 0.29% from the prior close of $312.99. The stock opened at $313.21 and touched a low of $310.14 during the day, reaching a high of $315.04. The volume of shares traded was 1.94 million exceeding the average volume of 1.31 million.
APD Stock Performance and Moving Averages
In recent trading, Air Products and Chemicals Inc (APD) stock price has shown some volatility, fluctuating 2.55% over the last five trades and -0.87% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 25.43%, and it has gained 13.51% in the previous three months. Currently, APD is trading at -1.36%, 3.86%, and 18.31% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, APD, a Basic Materials sector stock, is trading -5.57% below its 52-week high but remains 47.90% above its 52-week low. The Average True Range (ATR) (14 days) of 6.31 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Air Products and Chemicals Inc’s Profitability and Valuation Ratios
Air Products and Chemicals Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 23.89% and a profit margin of 31.64%, with a gross margin of 25.43%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Air Products and Chemicals Inc’s market capitalization stands at $69.82 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.27, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 22.11. Additionally, the Price-to-Sales Ratio is 5.77, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.62, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.77% of Air Products and Chemicals Inc (APD)’s shares, while financial institutions hold 88.79%.
