Checking the Overall Picture for Air Products and Chemicals, Inc. (APD)

Air Products and Chemicals, Inc. (NYSE:APD) is an interesting player in the Basic Materials space, with a focus on Chemicals – Major Diversified. The stock has been active on the tape, currently trading at $145.35, up from yesterday’s close by -0.34%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the space? Let’s take a look. Air Products and Chemicals, Inc. (APD) currently trades with a market capitalization of $31.60B. That value represents a market adjusting for revenues that have been growing by 0.60% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For APD, the company currently has $1.52B of cash on the books, which is offset by $6.24B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $1.27B over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 1.47 on a per share basis this quarter. Perhaps, that suggests something about why 88.70% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Air Products and Chemicals, Inc. recorded a 52-week high of 150.45. It is now trading 4.61 off that level. The stock is trading 146.02 its 50-day moving average by 0.18000000000001. The stock carved out a 52-week low down at 106.05.

In recent action, Air Products and Chemicals, Inc. (APD) has made a move of -1.91% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 10.48, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 216.94M with 2.25% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of APD.

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