Air Products and Chemicals, Inc. (NYSE:APD)‘s stock had its “hold” rating reiterated by Vertical Research in a research report issued to clients and investors on Tuesday. They presently have a $148.00 price objective on the basic materials company’s stock, up from their prior price objective of $146.00. Vertical Research’s price target would suggest a potential downside of 0.80% from the company’s previous close.

A number of other research analysts have also weighed in on APD. Deutsche Bank AG increased their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. KeyCorp reissued a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a research note on Friday, September 8th. Barclays PLC reissued a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday, August 4th. Credit Suisse Group reissued an “outperform” rating and set a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $153.93.

Shares of Air Products and Chemicals (NYSE:APD) opened at 149.20 on Tuesday. The firm has a market cap of $32.52 billion, a PE ratio of 11.21 and a beta of 1.25. The firm’s 50-day moving average price is $145.81 and its 200 day moving average price is $142.60. Air Products and Chemicals has a 1-year low of $129.00 and a 1-year high of $151.42.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company earned $1.92 EPS. Air Products and Chemicals’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Air Products and Chemicals will post $6.23 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/09/14/air-products-and-chemicals-inc-apd-stock-rating-reaffirmed-by-vertical-research.html.

Several institutional investors and hedge funds have recently modified their holdings of APD. Patten Group Inc. raised its position in shares of Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth $109,000. Guardian Life Insurance Co. of America raised its position in shares of Air Products and Chemicals by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after buying an additional 6 shares during the period. Webster Bank N. A. raised its position in shares of Air Products and Chemicals by 68.2% in the 1st quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock worth $115,000 after buying an additional 345 shares during the period. Finally, IMS Capital Management purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth $129,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

Receive News & Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.