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

Air Products and Chemicals (NYSE:APDGet Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other analysts have also issued reports on the company. Mizuho reduced their target price on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Barclays increased their target price on Air Products and Chemicals from $245.00 to $290.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Morgan Stanley increased their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. cut their price objective on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus target price of $287.29.

Check Out Our Latest Stock Report on Air Products and Chemicals

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $272.91 on Friday. The stock has a fifty day moving average price of $256.33 and a two-hundred day moving average price of $251.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The firm has a market cap of $60.67 billion, a P/E ratio of 24.63, a PEG ratio of 2.95 and a beta of 0.84. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $2.74 EPS. Research analysts forecast that Air Products and Chemicals will post 12.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Products and Chemicals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $27,000. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $27,000. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $27,000. Security National Bank acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Finally, Transcendent Capital Group LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $28,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

(Get Free Report)

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.

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.