Air Products and Chemicals (NYSE:APD) Price Target Increased to $360.00 by Analysts at Mizuho

Air Products and Chemicals (NYSE:APD) had its price target upped by investment analysts at Mizuho from $308.00 to $360.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price objective suggests a potential upside of 16.04% from the company’s previous close.

A number of other equities research analysts have also recently commented on APD. BMO Capital Markets increased their price objective on shares of 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. UBS Group raised their price target on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $313.53.

Air Products and Chemicals Stock Down 0.0 %

APD stock opened at $310.23 on Wednesday. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $313.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market cap of $68.97 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.82. The company has a fifty day moving average price of $282.53 and a 200 day moving average price of $264.30.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Sell-side analysts expect that Air Products and Chemicals will post 12.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APD. Wedmont Private Capital boosted its position in shares of Air Products and Chemicals by 9.2% during the 3rd quarter. Wedmont Private Capital now owns 1,503 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 126 shares in the last quarter. Abner Herrman & Brock LLC lifted its position in shares of Air Products and Chemicals by 1.0% during the 3rd quarter. Abner Herrman & Brock LLC now owns 34,934 shares of the basic materials company’s stock valued at $10,401,000 after acquiring an additional 330 shares during the last quarter. Saxon Interests Inc. boosted its stake in shares of Air Products and Chemicals by 13.3% during the 3rd quarter. Saxon Interests Inc. now owns 4,136 shares of the basic materials company’s stock worth $1,232,000 after acquiring an additional 487 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its position in shares of Air Products and Chemicals by 4.7% during the third quarter. Tilia Fiduciary Partners Inc. now owns 1,340 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 60 shares during the period. Finally, Sage Capital Advisors llc boosted its position in shares of Air Products and Chemicals by 0.3% in the 3rd quarter. Sage Capital Advisors llc now owns 14,693 shares of the basic materials company’s stock valued at $4,375,000 after purchasing an additional 47 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

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.