Air Products and Chemicals (APD) Stock Price, News & Analysis

Company Overview

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

Key Stats

• Today's Range: $319.59 to $328.09
• 50-Day Range: $273.82 to $332.11
• 52-Week Range: $212.24 to $332.42
• Volume: 1.90 million shs
• Average Volume: 1.61 million shs
• Market Capitalization: $72.89 billion
• P/E Ratio: 19.09
• Dividend Yield: 2.16%
• Price Target: $331.53
• Consensus Rating: Moderate Buy

Air Products and Chemicals Stock Analysis - MarketRank™

Air Products and Chemicals scored higher than 94% of companies evaluated by MarketBeat, and ranked 24th out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Air Products and Chemicals has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 12 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Air Products and Chemicals has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.54%

Earnings Growth

Earnings for Air Products and Chemicals are expected to grow by 10.54% in the coming year, from $12.81 to $14.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Air Products and Chemicals is 18.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.67.

Price to Earnings Ratio vs. Sector

The P/E ratio of Air Products and Chemicals is 18.98, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 113.86.

Price to Earnings Growth Ratio

Air Products and Chemicals has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Air Products and Chemicals has a P/B Ratio of 3.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.60% of the float of Air Products and Chemicals has been sold short.

Short Interest Ratio / Days to Cover

Air Products and Chemicals has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Air Products and Chemicals has recently decreased by 19.18%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Air Products and Chemicals pays a meaningful dividend of 2.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Air Products and Chemicals has been increasing its dividend for 49 years.

Dividend Coverage

The dividend payout ratio of Air Products and Chemicals is 41.21%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Air Products and Chemicals will have a dividend payout ratio of 50.00% next year. This indicates that Air Products and Chemicals will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -4.55

Percentage of Shares Shorted

1.60% of the float of Air Products and Chemicals has been sold short.

Short Interest Ratio / Days to Cover

Air Products and Chemicals has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Air Products and Chemicals has recently decreased by 19.18%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.97

News Sentiment

Air Products and Chemicals has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 34 news articles for Air Products and Chemicals this week, compared to 13 articles on an average week.

Search Interest

Only 13 people have searched for APD on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.

MarketBeat Follows

18 people have added Air Products and Chemicals to their MarketBeat watchlist in the last 30 days. This is an increase of 6% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Air Products and Chemicals insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.41% of the stock of Air Products and Chemicals is held by insiders.

Percentage Held by Institutions

81.66% of the stock of Air Products and Chemicals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

APD Stock Analysis - Frequently Asked Questions

How have APD shares performed this year?

Air Products and Chemicals' stock was trading at $273.80 at the beginning of the year. Since then, APD stock has increased by 19.1% and is now trading at $326.15.
View the best growth stocks for 2024 here.

How were Air Products and Chemicals' earnings last quarter?

Air Products and Chemicals, Inc. (NYSE:APD) announced its quarterly earnings results on Tuesday, April, 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.70 by $0.15. Air Products and Chemicals's revenue for the quarter was down 8.4% on a year-over-year basis.
Read the conference call transcript.

Does Air Products and Chemicals have any subsidiaries?

Air Products and Chemicals subsidiaries include Oxygen & Argon Works, EPCO Carbon Dioxide Products, Indura, DuPont Air Products NanoMaterials, CryoService, ROVI Cosmetics International, S.I.Q. Beteiligungs, and more.

Who are Air Products and Chemicals' major shareholders?

Top institutional investors of Air Products and Chemicals include State Street Corp (4.33%), Geode Capital Management LLC (2.19%), Pathway Financial Advisers LLC (1.30%) and Massachusetts Financial Services Co. MA (1.23%). Insiders that own company stock include Seifi Ghasemi, Sean D Major and Wayne Thomas Smith.
View institutional ownership trends.

How do I buy shares of Air Products and Chemicals?

Shares of APD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Air Products and Chemicals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Air Products and Chemicals investors own include Chevron (CVX), NVIDIA (NVDA), Bristol-Myers Squibb (BMY), AbbVie (ABBV), Comcast (CMCSA), Charles Schwab (SCHW) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 4/30/2024
• Ex-Dividend for 11/12 Dividend: 10/01/2024
• Dividend Payable: 11/12/2024
• Today: 11/18/2024
• Next Earnings (Estimated): 2/03/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Industrial inorganic chemicals
• Sub-Industry: Industrial Gases
• Current Symbol: NYSE:APD
• CUSIP: 00915810
• CIK: 2969
• Web: www.airproducts.com
• Phone: (610) 481-4911
• Fax: 610-481-5900
• Employees: 23,000
• Year Founded: 1940

Price Target and Rating

• Average Stock Price Target: $331.53
• High Stock Price Target: $375.00
• Low Stock Price Target: $279.00
• Potential Upside/Downside: +3.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $17.18
• Trailing P/E Ratio: 18.59
• Forward P/E Ratio: 24.93
• P/E Growth: 3.18
• Net Income: $3.83 billion
• Net Margins: 31.64%
• Pretax Margin: 39.84%
• Return on Equity: 16.34%
• Return on Assets: 7.56%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 1.52
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: $12.10 billion
• Price / Sales: 5.87
• Cash Flow: $19.12 per share
• Price / Cash Flow: 16.70
• Book Value: $84.00 per share
• Price / Book: 3.80

Miscellaneous

• Outstanding Shares: 222,314,000
• Free Float: 221,403,000
• Market Cap: $70.98 billion
• Optionable: Optionable
• Beta: 0.81