Air Products & Chemicals Inc. [NYSE: APD] price surged by 0.20 percent to reach at $0.64.
The one-year APD stock forecast points to a potential upside of 2.09. The average equity rating for APD stock is currently 2.04, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Air Products & 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 $321.33 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 2.04. 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.
Vertical Research have made an estimate for Air Products & Chemicals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 07, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $295 to $364. The new note on the price target was released on October 07, 2024, representing the official price target for Air Products & Chemicals Inc. stock. Previously, the target price had yet another raise from $305 to $365, while Evercore ISI kept a Outperform rating on APD stock.
The Average True Range (ATR) for Air Products & Chemicals Inc. is set at 6.87, with the Price to Sales ratio for APD stock in the period of the last 12 months amounting to 5.78. The Price to Book ratio for the last quarter was 4.63, with the Price to Cash per share for the same quarter was set at 10.96.
APD Stock Performance Analysis:
Air Products & Chemicals Inc. [APD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.17. With this latest performance, APD shares gained by 13.29% in over the last four-week period, additionally plugging by 33.17% over the last 6 months – not to mention a rise of 9.27% 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 71.22, with the RSI for the last a single of trading hit 73.91, and the three-weeks RSI is set at 68.76 for Air Products & Chemicals Inc. [APD]. The present Moving Average for the last 50 days of trading for this stock 284.24, while it was recorded at 307.43 for the last single week of trading, and 259.65 for the last 200 days.
Insight into Air Products & Chemicals Inc. Fundamentals:
Air Products & Chemicals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.27.
APD Stock EPS
With the latest financial reports released by the company, Air Products & Chemicals Inc. posted 3.15/share EPS, while the average EPS was predicted by analysts to be reported at 3.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 & Chemicals Inc. go to 9.51%.
Air Products & Chemicals Inc. [APD] Institutonal Ownership Details
There are presently around $88.90%, or 89.22%% of APD stock, in the hands of institutional investors. The top three institutional holders of APD stocks are: VANGUARD GROUP INC with ownership of 21.08 million shares, which is approximately 9.4742%. BLACKROCK INC., holding 16.77 million shares of the stock with an approximate value of $$4.33 billion in APD stocks shares; and BLACKROCK INC., currently with $$3.85 billion in APD stock with ownership which is approximately 6.7116%.
