Technical Outlook And Game Plan For Air Products & Chemicals Inc. (NYSE: APD)

Air Products & Chemicals Inc. (APD) concluded trading on Thursday at a closing price of $314.61, with 2.57 million shares of worth about $809.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.17% during that period and on October 10, 2024 the price saw a gain of about 0.20%. Currently the company’s common shares owned by public are about 222.20M shares, out of which, 220.60M shares are available for trading.

Stock saw a price change of 10.17% in past 5 days and over the past one month there was a price change of 13.29%. Year-to-date (YTD), APD shares are showing a performance of 14.91% which increased to 9.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $212.24 but also hit the highest price of $318.32 during that period. The average intraday trading volume for Air Products & Chemicals Inc. shares is 1.35 million. The stock is currently trading 6.43% above its 20-day simple moving average (SMA20), while that difference is up 10.69% for SMA50 and it goes to 21.16% higher than SMA200.

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Air Products & Chemicals Inc. (NYSE: APD) currently have 222.20M outstanding shares and institutions hold larger chunk of about 88.41% of that.

The stock has a current market capitalization of $69.94B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 27.34, while it has posted earnings per share of $11.51 in the same period. Its PEG reads 2.87 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APD, volatility over the week remained 2.64% while standing at 1.81% over the month.

Stock’s fiscal year EPS is expected to rise by 7.22% while it is estimated to increase by 8.28% in next year. EPS is likely to grow at an annualized rate of 9.51% for next 5-years, compared to annual growth of 8.70% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Vertical Research on October 07, 2024 offering a Buy rating for the stock and assigned a target price of $336 to it. Coverage by Jefferies stated Air Products & Chemicals Inc. (APD) stock as a Buy in their note to investors on October 07, 2024, suggesting a price target of $364 for the stock. Stock get an Outperform rating from Wolfe Research on March 01, 2024.

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