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Understanding APD’s Stock Performance So Far in 2017

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Jun. 21 2017, Updated 7:37 a.m. ET

APD’s stock performance in 2017 so far

As of June 16, 2017, Air Products and Chemicals (APD) has had a muted performance since the beginning of fiscal 2017, with a meager 1.2% return. As a result, APD underperformed the broad-based SPDR S&P 500 ETF (SPY), which has returned 8.6% during the same period.

APD has also underperformed arch rival Praxair (PX). Praxair has gained ~16.1% since the beginning of fiscal 2017.

APD’s lackluster performance has primarily been attributed to its lower-than-expected fiscal 1Q17. The stock’s performance was dented by the failed takeover bid of Yingde Gases, as APD thought that the takeover bid was not in the best interest of its shareholders.

However, APD recovered some lost ground with its better-than-expected fiscal 2Q17 earnings. APD reiterated its previous guidance of adjusted EPS (earnings per share) in the range of $6.00–$6.25, representing 9% growth over fiscal 2016.

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Moving average trends

Despite a meager performance, APD has managed to trade 3.7% above its 100-day moving average price of $140.28, indicating a prevailing upward trend in the stock. APD’s 52-week low is $124.10, while its 52-week high is $150.45.

APD’s RSI (relative strength index) is at 56, indicating that the stock is neither overbought nor oversold. (An RSI of anything above 70 indicates that the stock is overbought while anything below 30 indicates that the stock is oversold.)

Notably, investors can indirectly hold APD by investing in the PowerShares WilderHill Clean Energy Portfolio (PBW), which has 2.7% of its total portfolio in APD and includes Plug Power (PLUG) and Tesla (TSLA), with weights of 3.7% and 3.6%, respectively.

Continue to the rest of this series (below) for more on APD’s latest dividend announcement, current dividend yield, the latest analyst recommendations, and latest valuations.

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