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APD Stock Forecast: All the More Reason to Consider Air Products & Chemicals Inc. (APD) Now

Air Products & Chemicals Inc. (NYSE: APD) is 3.11% higher on its value in year-to-date trading and has touched a low of $212.24 and a high of $307.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APD stock was last observed hovering at around $279.53 in the last trading session, with the day’s gains setting it 2.78%.

Currently trading at $282.31, the stock is 7.41% and 13.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 0.99% at the moment leaves the stock 7.85% off its SMA200. APD registered -0.38% loss for a year compared to 6-month loss of 7.75%.

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The stock witnessed a 12.65% gain in the last 1 month and extending the period to 3 months gives it a 13.86%, and is 4.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.99% over the week and 1.73% over the month.

Air Products & Chemicals Inc. (APD) has around 23000 employees, a market worth around $62.76B and $12.15B in sales. Current P/E ratio is 25.54 and Fwd P/E is 21.02. Profit margin for the company is 20.26%. Distance from 52-week low is 33.01% and -8.25% from its 52-week high. The company has generated returns on investments over the last 12 months (8.77%).

The EPS is expected to grow by 6.56% this year.

Air Products & Chemicals Inc. (APD) Top Institutional Holders

The shares outstanding are 222.20M, and float is at 220.69M with Short Float at 1.55%.

Air Products & Chemicals Inc. (APD) Insider Activity

The most recent transaction is an insider sale by Kutz Jeffrey,the company’sVP, Controller & PAO. SEC filings show that Kutz Jeffrey sold 107 shares of the company’s common stock on Dec 05 ’23 at a price of $264.74 per share for a total of $28327.0. Following the sale, the insider now owns 1270.0 shares.

Air Products & Chemicals Inc. disclosed in a document filed with the SEC on Nov 13 ’23 that Ghasemi Seifi (Chairman, Pres. and CEO) bought a total of 11,000 shares of the company’s common stock. The trade occurred on Nov 13 ’23 and was made at $264.42 per share for $2.91 million. Following the transaction, the insider now directly holds 0.67 million shares of the APD stock.

Still, SEC filings show that on Nov 08 ’23, Ghasemi Seifi (Chairman, Pres. and CEO) acquired 10,000 shares at an average price of $252.34 for $2.52 million. The insider now directly holds 659,673 shares of Air Products & Chemicals Inc. (APD).

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