Air Products and Chemicals, Inc. (APD) Upgraded at HSBC Holdings PLC

HSBC Holdings PLC upgraded shares of Air Products and Chemicals, Inc. (NYSE:APD) from a hold rating to a buy rating in a research report released on Tuesday.

Several other equities research analysts have also weighed in on APD. Deutsche Bank AG increased their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a hold rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. increased their target price on shares of Air Products and Chemicals to $185.00 and gave the stock a buy rating in a report on Monday, November 13th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a hold rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Thursday, September 28th. upgraded shares of Air Products and Chemicals from a hold rating to a buy rating in a report on Tuesday. Finally, Barclays PLC reiterated a buy rating and issued a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $164.80.

Air Products and Chemicals (NYSE:APD) opened at $161.58 on Tuesday. Air Products and Chemicals has a twelve month low of $133.63 and a twelve month high of $163.56. The firm has a market cap of $35,130.00, a P/E ratio of 25.70, a P/E/G ratio of 1.91 and a beta of 1.24. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the business posted $2.01 earnings per share. Air Products and Chemicals’s revenue was up 13.2% compared to the same quarter last year. equities analysts predict that Air Products and Chemicals will post 7 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, December 29th. Air Products and Chemicals’s dividend payout ratio is 73.64%.

Several hedge funds have recently modified their holdings of the company. Garde Capital Inc. bought a new stake in shares of Air Products and Chemicals during the third quarter worth $884,000. Smith Shellnut Wilson LLC ADV bought a new stake in shares of Air Products and Chemicals during the third quarter worth $250,000. Archford Capital Strategies LLC bought a new stake in shares of Air Products and Chemicals during the third quarter worth $298,000. Moors & Cabot Inc. increased its position in shares of Air Products and Chemicals by 28.5% during the third quarter. Moors & Cabot Inc. now owns 4,509 shares of the basic materials company’s stock worth $682,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of Air Products and Chemicals during the third quarter worth $1,029,000. 88.58% of the stock is owned by institutional investors.

Air Products and Chemicals Company Profile

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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