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: $286.71 to $291.67
• 50-Day Range: $248.54 to $291.13
• 52-Week Range: $212.24 to $301.03
• Volume: 1.02 million shs
• Average Volume: 1.62 million shs
• Market Capitalization: $63.86 billion
• P/E Ratio: 25.93
• Dividend Yield: 2.46%
• Price Target: $297.40
• Consensus Rating: Hold

Air Products and Chemicals Stock Analysis - MarketRank™

Air Products and Chemicals scored higher than 89% of companies evaluated by MarketBeat, and ranked 42nd out of 195 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Air Products and Chemicals has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 9 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Air Products and Chemicals has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.52%

Earnings Growth

Earnings for Air Products and Chemicals are expected to grow by 8.52% in the coming year, from $12.32 to $13.37 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Air Products and Chemicals is 25.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Air Products and Chemicals is 25.93, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 124.55.

Price to Earnings Growth Ratio

Air Products and Chemicals has a PEG Ratio of 3.70. 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 4.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.49% 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 2.2, 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 increased by 4.78%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Air Products and Chemicals pays a meaningful dividend of 2.53%, 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 63.90%. 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 52.95% 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

1.49% 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 2.2, 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 increased by 4.78%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.02

News Sentiment

Air Products and Chemicals has a news sentiment score of 1.02. 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 0.37 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Air Products and Chemicals this week, compared to 11 articles on an average week.

Search Interest

Only 17 people have searched for APD on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

21 people have added Air Products and Chemicals to their MarketBeat watchlist in the last 30 days. This is an increase of 31% 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 start of the year. Since then, APD stock has increased by 4.9% and is now trading at $287.27.
View the best growth stocks for 2024 here.

How were Air Products and Chemicals' earnings last quarter?

Air Products and Chemicals, Inc. (NYSE:APD) released its earnings results on Thursday, August, 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. The basic materials company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a trailing twelve-month return on equity of 16.53% and a net margin of 21.24%.

Does Air Products and Chemicals have any subsidiaries?

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

Who are Air Products and Chemicals' major shareholders?

Air Products and Chemicals' top institutional investors include Barrow Hanley Mewhinney & Strauss LLC (1.38%), Massachusetts Financial Services Co. MA (1.26%), Bank of New York Mellon Corp (0.92%) and Raymond James & Associates (0.90%). Insiders that own company stock include Seifi Ghasemi, Sean D Major, Wayne Thomas Smith, Edward L Monser and Melissa N Schaeffer.
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 AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), Exxon Mobil (XOM), McDonald's (MCD), PepsiCo (PEP) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 8/12 Dividend: 7/01/2024
• Last Earnings: 8/01/2024
• Dividend Payable: 8/12/2024
• Today: 9/18/2024
• Fiscal Year End: 9/30/2024
• Ex-Dividend for 11/12 Dividend: 10/01/2024
• Next Earnings (Estimated): 11/05/2024
• Dividend Payable: 11/12/2024

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: $297.40
• High Stock Price Target: $340.00
• Low Stock Price Target: $240.00
• Potential Upside/Downside: +3.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.47
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.08
• Trailing P/E Ratio: 25.93
• Forward P/E Ratio: 23.32
• P/E Growth: 3.7
• Net Income: $2.30 billion
• Net Margins: 21.24%
• Pretax Margin: 26.10%
• Return on Equity: 16.53%
• Return on Assets: 7.70%

Debt

• Debt-to-Equity Ratio: 0.77
• Current Ratio: 1.27
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $12.10 billion
• Price / Sales: 5.28
• Cash Flow: $18.26 per share
• Price / Cash Flow: 15.73
• Book Value: $70.50 per share
• Price / Book: 4.07

Miscellaneous

• Outstanding Shares: 222,306,000
• Free Float: 221,395,000
• Market Cap: $63.86 billion
• Optionable: Optionable
• Beta: 0.81