Air Products and Chemicals (NYSE:APD) Hits New 12-Month Low – Here’s Why

Air Products and Chemicals, Inc. (NYSE:APD)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $235.55 and last traded at $237.1660, with a volume of 2159315 shares traded. The stock had previously closed at $240.77.

Analysts Set New Price Targets

APD has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. UBS Group cut their target price on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research report on Wednesday, October 1st. Finally, Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Price Performance

The stock has a fifty day moving average of $270.36 and a two-hundred day moving average of $278.19. The stock has a market capitalization of $52.78 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 5.16 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Air Products and Chemicals

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at $27,000. Traub Capital Management LLC acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at $28,000. 81.66% of the stock is owned by institutional investors and hedge funds.

About Air Products and Chemicals

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.