Air Products and Chemicals, Inc. (NYSE:APD) Receives $292.56 Average Target Price from Brokerages

Shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) have earned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $292.56.

Several brokerages recently commented on APD. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Air Products and Chemicals from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Jefferies Financial Group decreased their price target on shares of Air Products and Chemicals from $270.00 to $257.00 in a research report on Thursday, June 16th. Wells Fargo & Company decreased their price target on shares of Air Products and Chemicals from $255.00 to $243.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Barclays raised their price target on shares of Air Products and Chemicals from $275.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Finally, Cowen decreased their price target on shares of Air Products and Chemicals from $345.00 to $305.00 in a research report on Tuesday, July 19th.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors and hedge funds have recently modified their holdings of APD. Zullo Investment Group Inc. boosted its holdings in shares of Air Products and Chemicals by 3.8% in the second quarter. Zullo Investment Group Inc. now owns 1,029 shares of the basic materials company’s stock valued at $248,000 after buying an additional 38 shares during the period. ICW Investment Advisors LLC increased its position in Air Products and Chemicals by 1.1% during the second quarter. ICW Investment Advisors LLC now owns 3,468 shares of the basic materials company’s stock worth $834,000 after acquiring an additional 38 shares during the period. Connecticut Wealth Management LLC increased its position in Air Products and Chemicals by 1.4% during the first quarter. Connecticut Wealth Management LLC now owns 3,014 shares of the basic materials company’s stock worth $753,000 after acquiring an additional 41 shares during the period. Mascoma Wealth Management LLC increased its position in Air Products and Chemicals by 13.4% during the first quarter. Mascoma Wealth Management LLC now owns 355 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 42 shares during the period. Finally, Clearstead Advisors LLC increased its position in Air Products and Chemicals by 0.7% during the first quarter. Clearstead Advisors LLC now owns 6,316 shares of the basic materials company’s stock worth $1,578,000 after acquiring an additional 44 shares during the period. 82.68% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Down 1.2 %

APD stock opened at $238.52 on Friday. Air Products and Chemicals has a 12-month low of $216.24 and a 12-month high of $316.39. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.48. The company has a market cap of $52.90 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.67 and a beta of 0.79. The company has a 50 day moving average of $251.75 and a two-hundred day moving average of $244.40.

Air Products and Chemicals (NYSE:APDGet Rating) last released its quarterly earnings results on Thursday, August 4th. The basic materials company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.02 billion. Air Products and Chemicals had a net margin of 19.08% and a return on equity of 15.61%. Air Products and Chemicals’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. On average, equities analysts anticipate that Air Products and Chemicals will post 10.29 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 2.72%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.16%.

About Air Products and Chemicals

(Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

Read More

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

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