Air Products and Chemicals (NYSE:APD) Price Target Raised to $320.00

Air Products and Chemicals (NYSE:APD) had its target price lifted by TD Cowen from $305.00 to $320.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company cut Air Products and Chemicals from an overweight rating to an equal weight rating in a report on Monday, February 5th. StockNews.com upgraded Air Products and Chemicals from a sell rating to a hold rating in a research report on Monday, April 22nd. Citigroup reduced their target price on shares of Air Products and Chemicals from $285.00 to $280.00 and set a buy rating for the company in a research report on Wednesday. TheStreet lowered shares of Air Products and Chemicals from a b rating to a c+ rating in a research report on Monday, February 5th. Finally, Argus downgraded shares of Air Products and Chemicals from a buy rating to a hold rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $277.43.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $245.87 on Wednesday. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The stock has a 50 day moving average of $237.96 and a 200-day moving average of $254.47. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $54.66 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.62 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.74 earnings per share. As a group, equities research analysts predict that Air Products and Chemicals will post 12.34 EPS for the current year.

Hedge Funds Weigh In On Air Products and Chemicals

Institutional investors have recently modified their holdings of the business. Dover Advisors LLC raised its stake in Air Products and Chemicals by 1.9% during the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock worth $540,000 after acquiring an additional 35 shares in the last quarter. Smithfield Trust Co grew its holdings in shares of Air Products and Chemicals by 2.4% during the 3rd quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 36 shares during the last quarter. Patton Albertson Miller Group LLC increased its position in Air Products and Chemicals by 3.9% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock worth $290,000 after purchasing an additional 38 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in Air Products and Chemicals by 40.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 38 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.