Air Products & Chemicals (NYSE:APD) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $2.05-$2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10. Air Products & Chemicals also updated its FY20 guidance to $9.35-$9.60 EPS.
A number of research firms have weighed in on APD. JPMorgan Chase & Co. lifted their price objective on Air Products & Chemicals from $235.00 to $240.00 and gave the company an overweight rating in a report on Friday. Credit Suisse Group lifted their price objective on Air Products & Chemicals from $221.00 to $238.00 and gave the company an outperform rating in a report on Tuesday, July 23rd. Wells Fargo & Co lifted their price objective on Air Products & Chemicals from $240.00 to $250.00 and gave the company a market perform rating in a report on Friday. HSBC downgraded Air Products & Chemicals from a buy rating to a hold rating and decreased their price objective for the company from $217.00 to $215.00 in a report on Thursday, August 1st. Finally, BMO Capital Markets lifted their price objective on Air Products & Chemicals from $235.00 to $252.00 and gave the company an outperform rating in a report on Monday, August 12th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $240.13.
NYSE:APD opened at $233.87 on Friday. Air Products & Chemicals has a 1 year low of $149.64 and a 1 year high of $234.61. The firm has a 50 day moving average of $216.25 and a 200-day moving average of $218.23. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. The stock 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 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.
Further Reading: What is Depreciation?
Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.