Today, a Director at Air Products and Chemicals (APD), Charles Cogut, bought shares of APD for $31.95K.
This recent transaction increases Charles Cogut’s holding in the company by 200% to a total of $189.7K. Following Charles Cogut’s last APD Buy transaction on August 26, 2015, the stock climbed by 31.3%.
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Based on Air Products and Chemicals’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.3 billion and quarterly net profit of $453 million. In comparison, last year the company earned revenue of $2.2 billion and had a net profit of $474 million. APD’s market cap is $34.66B and the company has a P/E ratio of 23.30. Currently, Air Products and Chemicals has an average volume of 404.9K.
Starting in January 2018, APD received 22 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $189.80, reflecting a 19.5% upside. Five different firms, including Barclays and Bernstein, currently also have a Buy rating on the stock.
The insider sentiment on Air Products and Chemicals has been positive according to 22 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Air Products & Chemicals, Inc. engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas; Industrial Gases-EMEA (Europe, Middle East, and Africa); Industrial Gases-Asia; Industrial Gases-Global; Materials Technologies; and Corporate and Other.
