BMO Capital Markets Boosts Air Products and Chemicals (NYSE:APD) Price Target to $350.00

Air Products and Chemicals (NYSE:APD) had its target price boosted by BMO Capital Markets from $323.00 to $350.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

APD has been the subject of several other reports. Barclays increased their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a report on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $329.76.

Air Products and Chemicals Trading Up 0.4 %

Air Products and Chemicals stock opened at $317.10 on Thursday. The business’s 50-day simple moving average is $305.56 and its 200-day simple moving average is $280.26. Air Products and Chemicals has a 52 week low of $212.24 and a 52 week high of $332.42. The firm has a market capitalization of $70.50 billion, a PE ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Institutional Investors Weigh In On Air Products and Chemicals

Large investors have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC increased its stake in shares of Air Products and Chemicals by 9.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,817 shares of the basic materials company’s stock valued at $1,167,000 after buying an additional 396 shares in the last quarter. Great Lakes Retirement Inc. increased its position in Air Products and Chemicals by 19.9% in the 1st quarter. Great Lakes Retirement Inc. now owns 989 shares of the basic materials company’s stock valued at $240,000 after acquiring an additional 164 shares in the last quarter. M&G Plc bought a new position in shares of Air Products and Chemicals in the first quarter worth about $15,825,000. Mizuho Markets Americas LLC raised its stake in shares of Air Products and Chemicals by 140.1% in the first quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company’s stock worth $9,488,000 after acquiring an additional 22,850 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Air Products and Chemicals by 33.5% during the first quarter. Intech Investment Management LLC now owns 146,240 shares of the basic materials company’s stock worth $35,430,000 after purchasing an additional 36,684 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

About Air Products and Chemicals

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.