Air Products & Chemicals (NYSE:APD) had its price target hoisted by Deutsche Bank from $250.00 to $260.00 in a research report released on Friday, The Fly reports. Deutsche Bank currently has a buy rating on the basic materials company’s stock. The analysts noted that the move was a valuation call.
APD has been the topic of a number of other reports. Morgan Stanley lifted their price objective on shares of Air Products & Chemicals from $168.00 to $230.00 and gave the company an equal weight rating in a report on Monday, August 12th. Zacks Investment Research upgraded shares of Air Products & Chemicals from a sell rating to a hold rating and set a $228.00 price objective on the stock in a report on Thursday, October 31st. Susquehanna Bancshares reiterated a neutral rating on shares of Air Products & Chemicals in a report on Monday, August 19th. Wells Fargo & Co initiated coverage on shares of Air Products & Chemicals in a report on Tuesday, October 15th. They issued a market perform rating and a $240.00 price objective on the stock. Finally, Credit Suisse Group lifted their price objective on shares of Air Products & Chemicals from $221.00 to $238.00 and gave the company an outperform rating in a report on Tuesday, July 23rd. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Air Products & Chemicals currently has an average rating of Hold and a consensus target price of $240.13.
Shares of NYSE APD traded up $1.16 during midday trading on Friday, reaching $235.03. The company’s stock had a trading volume of 908,024 shares, compared to its average volume of 1,085,085. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. Air Products & Chemicals has a fifty-two week low of $149.64 and a fifty-two week high of $235.49. The stock has a market capitalization of $47.72 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.91 and a beta of 0.84. The stock has a 50 day simple moving average of $216.74 and a 200-day simple moving average of $218.60.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business earned $2.00 earnings per share. Air Products & Chemicals’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Air Products & Chemicals will post 8.24 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Krane Funds Advisors LLC acquired a new position in Air Products & Chemicals during the second quarter worth $26,000. Lenox Wealth Advisors LLC bought a new position in Air Products & Chemicals during the third quarter worth $27,000. Squar Milner Financial Services LLC boosted its position in Air Products & Chemicals by 87.1% during the second quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 61 shares during the period. Assetmark Inc. boosted its position in Air Products & Chemicals by 163.0% during the second quarter. Assetmark Inc. now owns 142 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 88 shares during the period. Finally, Meridian Wealth Management LLC bought a new position in Air Products & Chemicals during the second quarter worth $43,000. Institutional investors and hedge funds own 85.26% of the company’s stock.
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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