Air Products and Chemicals (APD) has risen sharply, recording gains of 3.37% in the past 4 weeks. However, the stock has corrected -0.14% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Air Products and Chemicals (NYSE:APD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $149.49 and $148.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $150.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $149.21, notching a gain of 0.14% for the day. The total traded volume was 934,226 . The stock had closed at $149.00 on the previous day.
The stock has recorded a 20-day Moving Average of 0.54% and the 50-Day Moving Average is 3.22%. Air Products and Chemicals, Inc. is up 3.86% in the last 3-month period. Year-to-Date the stock performance stands at 16.09%.
Air Products and Chemicals (APD) : The most positive equity analysts on Air Products and Chemicals (APD) expects the shares to touch $180, whereas, the least positive believes that the stock will trade at $150 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $164.89 with an expected fluctuation of $9.69 from the mean.
Air Products and Chemicals, Inc. (Air Products) serves energy, electronics, chemicals, steel, and manufacturing customers with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company operates in four business segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Merchant Gases sells atmospheric gases, such as oxygen, nitrogen, and argon, process gases, medical and specialty gases, and certain services and equipment. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and synthesis gas. Electronics and Performance Materials provide the electronics industry with specialty gases. Equipment and Energy designs and manufactures cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction (LNG), and helium distribution.