Air Products (APD) is Downgraded by Citigroup to Neutral

Air Products (APD) is Downgraded by Citigroup to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Air Products and Chemicals, Inc. is up 1.27% in the last 3-month period. Year-to-Date the stock performance stands at -7.63%.

Air Products and Chemicals, Inc. (NYSE:APD) has lost 2.31% during the past week and dropped 6.02% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.5%. Air Products and Chemicals, Inc. (NYSE:APD) has underperformed the index by 3.82% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) ended Thursday session in red amid volatile trading. The shares closed down 2.15 points or 1.63% at $130.11 with 847,715 shares getting traded. Post opening the session at $131.45, the shares hit an intraday low of $129.97 and an intraday high of $132.13 and the price vacillated in this range throughout the day. The company has a market cap of $28,029 million and the number of outstanding shares have been calculated to be 215,426,570 shares. The 52-week high of Air Products and Chemicals, Inc. (NYSE:APD) is $158.2 and the 52-week low is $123.66.

Currently the company Insiders own 0.33% of Air Products and Chemicals, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 8.9% . Institutional Investors own 89.16% of Air Products and Chemicals, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 27.65%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Ghasemi Seifi, CEO of Air Products & Chemicals Inc /De/ had purchased 20,000 shares on November 20, 2015 in a transaction. The price per share was $139.93 and the total amount of the disclosed transaction was $2,798,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Air Products and Chemicals, Inc. has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. It is a supplier of hydrogen and helium and operates in markets, such as semiconductor materials, refinery hydrogen and natural gas liquefaction. Its segments include Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. In November 2011, Fluor Corporation acquired Goar, Allison & Associates, a unit of Air Products. In February 2012, it acquired ROVI Cosmetics International GmbH. In March 2012, it acquired advanced adsorption technology assets for its Generated Gases product lines. In March 2012, it brought a new hydrogen selenide (H2Se) plant. In September 2012, it acquired an air separation unit (ASU) and integrated gases liquefier in Guiyang, China from Guizhou Kaiyang Chemical Co., Ltd.