Saturday, September 19, 2020

Air Products and Chemicals Inc. [APD] Revenue clocked in at $8.82 billion, up 18.98% YTD: What’s Next?

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Air Products and Chemicals Inc. [NYSE: APD] jumped around 1.17 points on Tuesday, while shares priced at $279.58 at the close of the session, up 0.42%. The company report on August 4, 2020 that Air Products’ AP-X® LNG Technology and Equipment Selected for First Phase of Massive Expansion Project in Qatar.

Four of the Largest LNG Process Trains in the World to be Manufactured at Air Products’ Technology-Leading Facility in Port Manatee, Florida.

Air Products (NYSE: APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, has been selected to provide its proprietary AP-X® Natural Gas Liquefaction Process technology and equipment to Qatargas for the first phase of Qatar Petroleum’s massive LNG production expansion project, commonly known as the North Field East (NFE) Project, in Ras Laffan, the State of Qatar. Each of the four new LNG process units, the largest LNG production trains in the world, will have a production capacity of 7.8 million tonnes per year.

Air Products and Chemicals Inc. stock is now 18.98% up from its year-to-date (YTD) trading value. APD Stock saw the intraday high of $280.96 and lowest of $274.56 per share. The company’s 52-week high price is 299.82, which means current price is +66.98% above from all time high which was touched on 07/23/20.

Compared to the average trading volume of 1.15M shares, APD reached a trading volume of 2065259 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Air Products and Chemicals Inc. [APD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APD shares is $290.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APD stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Monness Crespi & Hardt have made an estimate for Air Products and Chemicals Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 24, 2020. The new note on the price target was released on June 16, 2020, representing the official price target for Air Products and Chemicals Inc. stock. Previously, the target price had yet another raise from $246 to $262, while Bernstein kept a Outperform rating on APD stock. On March 11, 2020, analysts increased their price target for APD shares from 260 to 265.

The Average True Range (ATR) for Air Products and Chemicals Inc. is set at 6.57, with the Price to Sales ratio for APD stock in the period of the last 12 months amounting to 6.96. The Price to Book ratio for the last quarter was 5.30, with the Price to Cash per share for the same quarter was set at 29.33.

How has APD stock performed recently?

Air Products and Chemicals Inc. [APD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.35. With this latest performance, APD shares gained by 12.32% in over the last four-week period, additionally plugging by 13.15% over the last 6 months – not to mention a rise of 27.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APD stock in for the last two-week period is set at 52.75, with the RSI for the last a single of trading hit 45.79, and the three-weeks RSI is set at 58.08 for Air Products and Chemicals Inc. [APD]. The present Moving Average for the last 50 days of trading for this stock 259.02, while it was recorded at 283.66 for the last single week of trading, and 234.42 for the last 200 days.

Air Products and Chemicals Inc. [APD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Air Products and Chemicals Inc. [APD] shares currently have an operating margin of +23.78 and a Gross Margin at +33.00. Air Products and Chemicals Inc.’s Net Margin is presently recorded at +19.73.

Return on Total Capital for APD is now 14.28, given the latest momentum, and Return on Invested Capital for the company is 12.36. Return on Equity for this stock inclined to 16.06, with Return on Assets sitting at 9.23. When it comes to the capital structure of this company, Air Products and Chemicals Inc. [APD] has a Total Debt to Total Equity ratio set at 30.09. Additionally, APD Total Debt to Total Capital is recorded at 23.13, with Total Debt to Total Assets ending up at 17.56. Long-Term Debt to Equity for the company is recorded at 29.20, with the Long-Term Debt to Total Capital now at 22.44.

Reflecting on the efficiency of the workforce at the company, Air Products and Chemicals Inc. [APD] managed to generate an average of $99,435 per employee. Receivables Turnover for the company is 5.58 with a Total Asset Turnover recorded at a value of 0.47.Air Products and Chemicals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.50.

Earnings analysis for Air Products and Chemicals Inc. [APD]

With the latest financial reports released by the company, Air Products and Chemicals Inc. posted 2.27/share EPS, while the average EPS was predicted by analysts to be reported at 2.29/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Air Products and Chemicals Inc. go to 10.33%.

Insider trade positions for Air Products and Chemicals Inc. [APD]

There are presently around $52,558 million, or 88.90% of APD stock, in the hands of institutional investors. The top three institutional holders of APD stocks are: VANGUARD GROUP INC with ownership of 20,384,373, which is approximately 2.121% of the company’s market cap and around 0.25% of the total institutional ownership; BLACKROCK INC., holding 15,886,040 shares of the stock with an approximate value of $4.44 billion in APD stocks shares; and STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, currently with $3.92 billion in APD stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Air Products and Chemicals Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 564 institutional holders increased their position in Air Products and Chemicals Inc. [NYSE:APD] by around 12,870,897 shares. Additionally, 563 investors decreased positions by around 11,246,444 shares, while 210 investors held positions by with 163,870,579 shares. The mentioned changes placed institutional holdings at 187,987,920 shares, according to the latest SEC report filing. APD stock had 102 new institutional investments in for a total of 1,674,063 shares, while 117 institutional investors sold positions of 1,582,659 shares during the same period.

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