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Saturday, June 3, 2023

Are Things Looking Up For Air Products and Chemicals Inc. (NYSE: APD)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Air Products and Chemicals Inc. (APD) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $294.36. The Air Products and Chemicals Inc. has recorded 42,574 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Air Products Announces Plan to Build the First Commercial-Scale Hydrogen Refueling Station in Edmonton, Alberta, Canada.

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Stocks Info

The company is listed on the NYSE and operates within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $294.36 and fluctuated between $295.18 as its day high and $290.20 as its day low. The current market capitalization of Air Products and Chemicals Inc. is $64.71B. A total of 0.93 million shares were traded on the day, compared to an average of 1.09M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, APD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 11 SELLs from insiders. Insiders purchased 29,627 shares during that period but sold 18,891.

In the most recent transaction, Major Sean D sold 485 shares of APD for 313.00 per share on Dec 20. After the transaction, the Executive VP & General Counsel now owns 14,275 company shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Air Products and Chemicals Inc. pays an annual dividend of $7.00, resulting in a dividend yield of 2.38%, and it has a price to earnings (P/E) ratio of 29.04. APD’s most recent ex-dividend date was 3/31/2023 when it declared a $1.75 quarterly dividend that was paid in cash on 5/8/2023. Previously, the company paid the dividend on 2/13/2023 with an ex-dividend date of 12/30/2022. The APD stock dividend was $1.62 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for APD in the last 3 months, the mean price target is $328.47 with high estimates of $375.00 and low estimates of $300.00. In terms of 52-week highs and lows, APD has a high of $328.56 and a low of $218.88.

As of this writing, APD has an earnings estimate of $2.65 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.83 per share and a lower estimate of $2.6. The company reported an EPS of $2.89 in the last quarter, which was 4.70% higher than expectations of $2.76.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. APD’s latest balance sheet shows that the firm has $5.80B in Cash & Short Term Investments as of fiscal 2021. There were $7.64B in debt and $2.80B in liabilities at the time. Its Book Value Per Share was $62.72, while its Total Shareholder’s Equity was $14.09B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APD is Sell with a score of 4.11. A total of 12 analysts rated the stock as Buy while 1 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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