Air Products and Chemicals, Inc. (NYSE:APD) had its price objective boosted by analysts at Argus to $192.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. Argus’ price target would indicate a potential upside of 19.30% from the company’s previous close. The analysts noted that the move was a valuation call.

APD has been the subject of a number of other reports. Susquehanna Bancshares Inc increased their price target on shares of Air Products and Chemicals and gave the stock a “positive” rating in a research report on Tuesday. UBS AG increased their price target on shares of Air Products and Chemicals from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th. Deutsche Bank AG increased their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. raised their price objective on shares of Air Products and Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $164.13.

Shares of Air Products and Chemicals (NYSE APD) opened at $160.94 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $34,823.06, a P/E ratio of 25.32, a PEG ratio of 1.88 and a beta of 1.24. Air Products and Chemicals has a 52-week low of $133.63 and a 52-week high of $162.86.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 earnings per share. research analysts anticipate that Air Products and Chemicals will post 7 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in APD. Patten Group Inc. grew its holdings in Air Products and Chemicals by 3.7% during the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 28 shares during the last quarter. IMS Capital Management acquired a new position in Air Products and Chemicals during the second quarter valued at approximately $129,000. Armbruster Capital Management Inc. grew its holdings in Air Products and Chemicals by 13.5% during the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 108 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Air Products and Chemicals by 8.8% during the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 75 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Air Products and Chemicals by 25.9% during the second quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

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)

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