Air Products and Chemicals, Inc. (NYSE:APD) was upgraded by research analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating in a research note issued on Monday.

Other research analysts also recently issued research reports about the stock. UBS AG raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. Credit Suisse Group boosted their target price on shares of Air Products and Chemicals from $158.00 to $173.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Argus boosted their target price on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $164.13.

Shares of Air Products and Chemicals (APD) opened at $160.30 on Monday. Air Products and Chemicals has a twelve month low of $133.63 and a twelve month high of $162.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The company has a market cap of $34,938.57, a PE ratio of 25.40, a PEG ratio of 1.89 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts expect that Air Products and Chemicals will post 7 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/11/13/hsbc-holdings-plc-upgrades-air-products-and-chemicals-inc-apd-to-buy.html.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Air Products and Chemicals by 3.6% during the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock worth $2,502,580,000 after acquiring an additional 604,454 shares during the period. BlackRock Inc. raised its position in Air Products and Chemicals by 8.0% during the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after acquiring an additional 1,131,879 shares during the period. State Street Corp raised its position in Air Products and Chemicals by 2.8% during the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock worth $1,515,127,000 after acquiring an additional 291,150 shares during the period. Principal Financial Group Inc. raised its position in Air Products and Chemicals by 17.6% during the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock worth $629,878,000 after acquiring an additional 624,210 shares during the period. Finally, Janus Henderson Group PLC raised its position in Air Products and Chemicals by 8,260.1% during the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock worth $389,152,000 after acquiring an additional 2,687,657 shares during the period. Institutional investors own 88.58% of the company’s stock.

About Air Products and Chemicals

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.