Air Products and Chemicals (NYSE:APD) Price Target Raised to $365.00 at Citigroup

Air Products and Chemicals (NYSE:APD) had its target price increased by Citigroup from $345.00 to $365.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities analysts also recently commented on APD. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays increased their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Mizuho lifted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $329.76.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $315.88 on Monday. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $332.42. The stock has a fifty day simple moving average of $303.74 and a two-hundred day simple moving average of $278.86. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.14 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Institutional Trading of Air Products and Chemicals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Community Bank N.A. raised its holdings in Air Products and Chemicals by 9.3% in the 3rd quarter. Community Bank N.A. now owns 9,160 shares of the basic materials company’s stock valued at $2,727,000 after buying an additional 776 shares during the period. Concentric Capital Strategies LP increased its position in shares of Air Products and Chemicals by 69.1% in the 3rd quarter. Concentric Capital Strategies LP now owns 12,192 shares of the basic materials company’s stock valued at $3,630,000 after purchasing an additional 4,980 shares during the last quarter. Arrowroot Family Office LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth about $216,000. Benjamin Edwards Inc. increased its stake in Air Products and Chemicals by 7,459.7% in the third quarter. Benjamin Edwards Inc. now owns 92,002 shares of the basic materials company’s stock valued at $27,398,000 after purchasing an additional 90,785 shares during the last quarter. Finally, TOMS Capital Investment Management LP purchased a new stake in Air Products and Chemicals in the third quarter valued at $159,886,000. 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.