why Air Products & Chemicals Inc [APD] is a Good Choice for Investors After New Price Target of $352.95

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Air Products & Chemicals Inc [NYSE: APD] surged by $2.47 during the normal trading session on while it closed the day at $296.02.

Air Products & Chemicals Inc stock has also loss -2.85% of its value over the past 7 days. However, APD stock has inclined by 0.10% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.26% and gained 8.12% year-on date.

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The market cap for APD stock reached $65.83 billion, with 222.37 million shares outstanding and 220.62 million shares in the current float. Compared to the average trading volume of 1.44M shares, APD reached a trading volume of 296074 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $352.95 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 1.74. 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.

UBS have made an estimate for Air Products & Chemicals Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 18, 2024. The new note on the price target was released on October 25, 2024, representing the official price target for Air Products & Chemicals Inc stock. Previously, the target price had yet another raise to $336, while Vertical Research analysts kept a Buy rating on APD stock. On October 07, 2024, analysts increased their price target for APD shares from 295 to 364.

The Average True Range (ATR) for Air Products & Chemicals Inc is set at 5.51, with the Price to Sales ratio for APD stock in the period of the last 12 months amounting to 5.44. The Price to Book ratio for the last quarter was 3.86, with the Price to Cash per share for the same quarter was set at 13.42.

APD stock trade performance evaluation

Air Products & Chemicals Inc [APD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.85. With this latest performance, APD shares dropped by -10.79% in over the last four-week period, additionally plugging by 12.26% over the last 6 months – not to mention a rise of 8.50% 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 29.71, with the RSI for the last a single of trading hit 25.69, and the three-weeks RSI is set at 35.11 for Air Products & Chemicals Inc [APD]. The present Moving Average for the last 50 days of trading for this stock 317.80, while it was recorded at 294.61 for the last single week of trading, and 277.77 for the last 200 days.

Air Products & Chemicals Inc [APD]: An insightful look at the core fundamentals

Air Products & Chemicals Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.34 and a Current Ratio set at 1.52.

Earnings per share (EPS) analysis for Air Products & Chemicals Inc [APD] stock

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 11.20%.

Air Products & Chemicals Inc [APD]: Institutional Ownership

There are presently around $91.45%, or 91.82%% 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%.