Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $160.75 on Air Products and Chemicals, Inc. (NYSE:APD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $7.51 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Air Products and Chemicals, Inc. (NYSE:APD) stands at 58.20.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Air Products and Chemicals, Inc, the PEG ratio for coming 3-5 years is 2.07.
The technical analysis highlights that Air Products and Chemicals, Inc current is trading $6.68 points away or +4.49% from its 50-day moving average of $148.90. Further it is trading $12.56 or +8.79% away its 200-day moving average of $143.02.
The 52-week high of Air Products and Chemicals, Inc. (NYSE:APD) was $156.85 while lowest point recorded in 52-week was $114.64. It implies if stock price makes a movement of over $-1.27, it will record a new 52-week high. In the case of +35.71% drop, it will touch a new 52-week low.
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