Air Products and Chemicals, Inc. (APD) Price Target Raised to $0.00

Air Products and Chemicals, Inc. (NYSE:APD) had its price objective boosted by Susquehanna Bancshares Inc in a research note released on Tuesday. Susquehanna Bancshares Inc currently has a positive rating on the basic materials company’s stock.

A number of other analysts have also weighed in on APD. Deutsche Bank AG raised their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a hold rating in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a hold rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Thursday, September 28th. SunTrust Banks, Inc. restated a buy rating and issued a $175.00 target price on shares of Air Products and Chemicals in a research report on Friday, October 27th. Barclays PLC restated a buy rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research report on Friday, August 4th. Finally, UBS AG upgraded shares of Air Products and Chemicals from a neutral rating to a positive rating in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $164.13.

Shares of Air Products and Chemicals (NYSE APD) opened at $160.30 on Tuesday. Air Products and Chemicals has a 52-week low of $133.63 and a 52-week high of $162.86. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. The stock has a market cap of $34,993.06, a P/E ratio of 25.44, a P/E/G ratio of 1.89 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business posted $2.01 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. analysts forecast that Air Products and Chemicals will post 7 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Air Products and Chemicals by 3.6% during the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after acquiring an additional 604,454 shares during the last quarter. BlackRock Inc. raised its stake in Air Products and Chemicals by 8.0% during the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after buying an additional 1,131,879 shares during the last quarter. State Street Corp raised its stake in Air Products and Chemicals by 2.8% during the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock worth $1,515,127,000 after buying an additional 291,150 shares during the last quarter. Principal Financial Group Inc. raised its stake in Air Products and Chemicals by 17.6% during the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock worth $629,878,000 after buying an additional 624,210 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Air Products and Chemicals by 8,260.1% during the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock worth $389,152,000 after buying an additional 2,687,657 shares during the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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