Air Products and Chemicals (NYSE:APD) Rating Increased to Hold at StockNews.com

Air Products and Chemicals (NYSE:APD) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other analysts have also issued research reports about the company. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. Argus lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Seaport Res Ptn lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $328.00 to $241.00 in a research note on Thursday, February 8th. Finally, TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Stock Down 0.2 %

Shares of Air Products and Chemicals stock opened at $233.78 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $307.71. The stock has a market capitalization of $51.97 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.55 and a beta of 0.81. The company’s 50 day moving average price is $236.44 and its 200-day moving average price is $256.46.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business posted $2.64 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts forecast that Air Products and Chemicals will post 12.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc acquired a new position in Air Products and Chemicals during the fourth quarter worth $27,000. Sachetta LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $27,000. Security National Bank acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $27,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at $27,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Company Profile

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.