Air Products and Chemicals (NYSE:APD) PT Raised to $281.00 at UBS Group

Air Products and Chemicals (NYSE:APD) had its target price raised by investment analysts at UBS Group from $276.00 to $281.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price suggests a potential upside of 1.88% from the company’s current price.

Several other equities analysts have also issued reports on APD. TD Cowen lifted their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup lifted their target price on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals Stock Up 0.9 %

APD stock opened at $275.82 on Tuesday. The business has a 50 day moving average of $267.17 and a 200 day moving average of $251.61. The firm has a market cap of $61.32 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a quick ratio of 1.31, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Hedge Funds Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently made changes to their positions in the business. Roble Belko & Company Inc bought a new position in Air Products and Chemicals in the fourth quarter worth approximately $27,000. Sachetta LLC bought a new position in Air Products and Chemicals in the 4th quarter worth $27,000. Security National Bank purchased a new position in Air Products and Chemicals during the fourth quarter valued at $27,000. Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals during the first quarter valued at about $27,000. Finally, Transcendent Capital Group LLC purchased a new stake in Air Products and Chemicals in the fourth quarter worth about $28,000. Hedge funds and other 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.