Air Products and Chemicals (NYSE:APD) PT Raised to $312.00 at Bank of America

Air Products and Chemicals (NYSE:APDFree Report) had its price objective hoisted by Bank of America from $275.00 to $312.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities research analysts have also issued reports on the stock. Argus lowered shares of Air Products and Chemicals from a buy rating to a hold rating in a research note on Monday, February 26th. StockNews.com raised shares of Air Products and Chemicals from a sell rating to a hold rating in a research report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the stock a buy rating in a research report on Monday. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the stock an outperform rating in a research report on Monday. Finally, Barclays increased their price objective on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the company an equal weight rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $287.29.

View Our Latest Stock Analysis on APD

Air Products and Chemicals Stock Performance

NYSE:APD opened at $285.31 on Monday. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $63.43 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.06 and a beta of 0.84. The firm’s fifty day simple moving average is $251.88 and its 200 day simple moving average is $251.72.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $2.74 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Air Products and Chemicals will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 annualized dividend and a dividend yield of 2.48%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

Institutional Investors Weigh In On Air Products and Chemicals

Hedge funds have recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Roble Belko & Company Inc purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Sachetta LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Security National Bank purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Finally, Transcendent Capital Group LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

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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.

Further Reading

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

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