Air Products & Chemicals, Inc. (NYSE:APD) Given Average Recommendation of “Hold” by Analysts

Air Products & Chemicals, Inc. (NYSE:APD) has received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $238.54.

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein cut Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price objective for the company. in a research report on Thursday, July 18th. KeyCorp increased their price objective on Air Products & Chemicals from $220.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Seaport Global Securities cut Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on Air Products & Chemicals from $235.00 to $252.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, UBS Group reduced their price objective on Air Products & Chemicals from $242.00 to $232.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd.

In other Air Products & Chemicals news, CEO Seifi Ghasemi acquired 20,000 shares of Air Products & Chemicals stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following the completion of the transaction, the chief executive officer now owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Krane Funds Advisors LLC bought a new position in Air Products & Chemicals in the second quarter worth $26,000. Lenox Wealth Advisors LLC bought a new position in Air Products & Chemicals in the third quarter worth $27,000. Squar Milner Financial Services LLC raised its stake 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 acquiring an additional 61 shares in the last quarter. Advisory Alpha LLC acquired a new position in Air Products & Chemicals during the first quarter worth $29,000. Finally, Assetmark Inc. raised its stake 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 acquiring an additional 88 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

APD stock traded up $1.33 during midday trading on Monday, hitting $215.21. 177,398 shares of the company traded hands, compared to its average volume of 1,009,088. Air Products & Chemicals has a twelve month low of $148.44 and a twelve month high of $232.47. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. The business has a 50 day simple moving average of $222.38 and a 200-day simple moving average of $214.04. The stock has a market capitalization of $47.24 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Air Products & Chemicals will post 8.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be given a $1.16 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.16%. Air Products & Chemicals’s dividend payout ratio is 62.28%.

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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Analyst Recommendations for Air Products & Chemicals (NYSE:APD)

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