APD Stock Summary and Trading Ideas (Air Products & Chemicals | NYSE:APD)

Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.

Air Products & Chemicals trades on the NYSE stock market under the symbol APD.

As of November 8, 2024, APD stock price climbed to $313.07 with 77,847 million shares trading.

APD has a beta of 0.44, meaning it tends to be less sensitive to market movements. APD has a correlation of 0.03 to the broad based SPY ETF.

APD has a market cap of $69.57 billion. This is considered a Large Cap stock.

Last quarter Air Products & Chemicals reported $3 billion in Revenue and $3.56 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.08.

In the last 3 years, APD traded as high as $332.43 and as low as $212.24.

The top ETF exchange traded funds that APD belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

APD has underperformed the market in the last year with a price return of +25.8% while the SPY ETF gained +38.3%. APD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +13.5% and -2.8%, respectively, while the SPY returned +15.5% and +3.1%, respectively.

APD support price is $309.17 and resistance is $316.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APD shares will trade within this expected range on the day.