Air Products & Chemicals (NYSE:APD) had its price target cut by UBS Group from $232.00 to $230.00 in a research report released on Friday, AnalystRatings.com reports. They currently have a neutral rating on the basic materials company’s stock.
A number of other equities analysts also recently commented on the stock. HSBC downgraded shares of Air Products & Chemicals from a buy rating to a hold rating and reduced their price objective for the stock from $217.00 to $215.00 in a research note on Thursday, August 1st. Seaport Global Securities downgraded shares of Air Products & Chemicals from a buy rating to a neutral rating in a research note on Friday, July 12th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Air Products & Chemicals from $168.00 to $230.00 and gave the stock an equal weight rating in a research note on Monday, August 12th. Monness Crespi & Hardt reaffirmed a buy rating and set a $254.00 price target (up from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. Finally, Wells Fargo & Co began coverage on Air Products & Chemicals in a research report on Tuesday, October 15th. They set a market perform rating and a $240.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Air Products & Chemicals has an average rating of Hold and an average price target of $240.13.
NYSE:APD traded up $6.29 during trading hours on Friday, reaching $233.87. The company’s stock had a trading volume of 1,800,237 shares, compared to its average volume of 1,085,902. The company has a market capitalization of $47.72 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. Air Products & Chemicals has a 12 month low of $149.64 and a 12 month high of $234.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. The stock has a 50 day moving average price of $216.25 and a two-hundred day moving average price of $218.23.
Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.02). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.37 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. As a group, analysts predict that Air Products & Chemicals will post 8.24 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Dorsey Wright & Associates acquired a new position in shares of Air Products & Chemicals in the 2nd quarter valued at $1,832,000. Rockland Trust Co. increased its position in shares of Air Products & Chemicals by 27.6% in the 2nd quarter. Rockland Trust Co. now owns 1,508 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 326 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Air Products & Chemicals by 29.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 667 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 150 shares during the period. EFG Asset Management Americas Corp. acquired a new position in shares of Air Products & Chemicals in the 2nd quarter valued at $2,907,000. Finally, Strategic Blueprint LLC increased its position in shares of Air Products & Chemicals by 1.8% in the 2nd quarter. Strategic Blueprint LLC now owns 7,142 shares of the basic materials company’s stock valued at $1,617,000 after acquiring an additional 127 shares during the period. 85.26% of the stock is currently owned by institutional investors and hedge funds.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
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