Air Products and Chemicals (NYSE:APD) PT Raised to $345.00

Air Products and Chemicals (NYSE:APD) had its target price upped by UBS Group from $307.00 to $345.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the company. Citigroup upped their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $305.00 to $365.00 in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Air Products and Chemicals Stock Up 1.0 %

APD opened at $332.11 on Tuesday. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $332.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The company’s 50-day moving average is $289.56 and its 200 day moving average is $268.48. The firm has a market capitalization of $73.83 billion, a P/E ratio of 29.97, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Research analysts expect that Air Products and Chemicals will post 12.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals in the first quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its position in shares of Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 135 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Finally, OFI Invest Asset Management increased its position in shares of Air Products and Chemicals by 104.3% in the first quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 96 shares during the last quarter. 81.66% of the stock is owned by 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.