Air Products and Chemicals (NYSE:APD) PT Raised to $345.00

Air Products and Chemicals (NYSE:APD) had its price target upped by equities research analysts at UBS Group from $307.00 to $345.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price would suggest a potential upside of 5.60% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Citigroup increased their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.24.

Air Products and Chemicals Trading Up 1.1 %

Shares of APD opened at $326.71 on Tuesday. Air Products and Chemicals has a 1-year low of $212.24 and a 1-year high of $328.72. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $287.49 and its 200-day moving average price is $267.44. The firm has a market capitalization of $72.63 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Sell-side analysts anticipate that Air Products and Chemicals will post 12.33 EPS for the current year.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after buying an additional 4,309,040 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Air Products and Chemicals by 4.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after purchasing an additional 122,676 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Air Products and Chemicals by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company’s stock valued at $525,085,000 after purchasing an additional 5,140 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Air Products and Chemicals by 25.2% in the second quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock worth $499,735,000 after purchasing an additional 389,380 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.