UBS Group Boosts Air Products and Chemicals (NYSE:APD) Price Target to $268.00

Air Products and Chemicals (NYSE:APD) had its price objective lifted by UBS Group from $257.00 to $268.00 in a research report report published on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the basic materials company’s stock.

APD has been the topic of several other reports. Morgan Stanley boosted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an equal weight rating in a research report on Wednesday, June 5th. StockNews.com raised shares of Air Products and Chemicals from a sell rating to a hold rating in a report on Saturday, June 29th. TD Cowen boosted their price objective on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, May 1st. BMO Capital Markets raised their target price on Air Products and Chemicals from $276.00 to $294.00 and gave the company an outperform rating in a research note on Monday, June 10th. Finally, Citigroup cut their price target on Air Products and Chemicals from $285.00 to $280.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $289.64.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $257.78 on Tuesday. The firm has a market capitalization of $57.31 billion, a PE ratio of 23.27, a P/E/G ratio of 2.76 and a beta of 0.81. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The business has a 50-day moving average of $262.73 and a two-hundred day moving average of $250.86.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results 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. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the firm posted $2.74 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts forecast that Air Products and Chemicals will post 12.3 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio is presently 63.90%.

Hedge Funds Weigh In On Air Products and Chemicals

A number of large investors have recently bought and sold shares of APD. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals in the fourth quarter worth $27,000. Sachetta LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $27,000. Security National Bank bought a new position in shares of Air Products and Chemicals during the fourth quarter worth about $27,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $27,000. Institutional investors 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.