A Look at 2 Trending Stocks: Air Products and Chemicals, Inc. (APD), Corning Incorporated (GLW)

Air Products and Chemicals, Inc. (NYSE:APD) recently saw its volume around 0.58 million shares and on average it trades 1.19 million shares a day. The opening price of $162.51, led it to gain -0.26% to reach $161.98 upon the closing bell.

Air Products and Chemicals, Inc. (APD) Analyst Opinion

Air Products and Chemicals, Inc. has a consensus outperform rating from 20 Wall Street analysts, and the number of shares currently sold short amount to at least 1.25% of shares outstanding. The stock spiked 1.71% last month and is up 12.63 this year. Wall Street is only getting more bullish on the stock, with 14 of analysts who cover APD having a buy-equivalent rating. Analysts have placed a $173.11 price target on Air Products and Chemicals, Inc., suggesting a 6.87% gain from recent close. It’s currently trading about -1.62% below its 52-week high.

Air Products and Chemicals, Inc. Earnings Surprise

Air Products and Chemicals, Inc. (APD) surprised the stock market in its last reported earnings when it earned $1.76 a piece versus the consensus-estimated $1.68. Its revenue totaled $2.13 billion up 0.22% from the previous quarter.

Air Products and Chemicals, Inc. (NYSE:APD) Intraday View

This stock (APD) is ahead of its 52-week low with 21.22%. Its last month’s stock price volatility remained 1.29% which for the week stands at 1.01%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.3% and stays 2.96% away from its 50 days moving average. Over the last five days, shares have faced -0.77% losses and now is up 10.53% since hitting its 200-day moving average of $149.79. Air Products and Chemicals, Inc. (APD) has made its way to a 12-month gain of 9.94%.

Turning to Corning Incorporated (NYSE:GLW), its shares were trading at $32.24 a gain of $0.03, on the trading floor. The stock, after opening at $32.21, touched a high of $32.39 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Corning Incorporated has 4 buy ratings, 7 holds and 0 sells even after the stock tumbled -1.63% from its high of $32.78 to a $28.1 billion market value through last close.

Corning Incorporated (GLW) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.5 to 2.47 during a month. Analysts set a 12-month price target of $31.21 a share. The target implies a -3.19% decrease from where the shares are currently trading. Also, the current price highlights a discount of 17.87% to analysts’ high consensus price target.

Corning Incorporated (NYSE:GLW) Intraday Trading

The counter witnessed a trading volume of 4.38 million shares versus an average volume of 5.25 million shares during last trading session. Its last month’s stock price volatility remained 1.84% which for the week approaches 1.28%. The lowest price the stock reached in the last trading day was $32.08 and compares with the $23.59 52-week low. The stock recovered 36.67% since its low point and has performed 32.84% year-to-date.

SHARE
Previous articleInvestors Jumping Ship on Pluristem Therapeutics Inc. (PSTI), Monmouth Real Estate Investment Corporation (MNR)
Next articleStocks Bracing for Volatility: Array BioPharma Inc. (ARRY), Enel Americas S.A. (ENIA)