Air Products and Chemicals Inc. (APD) Receives $147.82 Average Price Target from Analysts
Air Products and Chemicals Inc. (NYSE:APD) has received a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $147.82.
APD has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $140.00 to $160.00 in a report on Friday, August 12th. Credit Suisse Group AG initiated coverage on Air Products and Chemicals in a report on Monday, October 3rd. They issued an “outperform” rating on the stock. Atlantic Securities upgraded Air Products and Chemicals from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $135.00 in a report on Friday, September 30th. Finally, Jefferies Group restated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 29th.
Air Products and Chemicals (NYSE:APD) opened at 137.96 on Monday. The firm has a 50-day moving average price of $135.46 and a 200-day moving average price of $135.93. Air Products and Chemicals has a one year low of $106.05 and a one year high of $146.01. The firm has a market capitalization of $29.96 billion, a P/E ratio of 47.74 and a beta of 1.24.
Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 27th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. Air Products and Chemicals had a return on equity of 22.74% and a net margin of 6.63%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts anticipate that Air Products and Chemicals will post $6.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Tuesday, January 3rd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.49%. Air Products and Chemicals’s dividend payout ratio is currently 119.03%.
In other news, SVP John D. Stanley sold 17,247 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $155.39, for a total value of $2,680,011.33. Following the completion of the sale, the senior vice president now directly owns 36,129 shares of the company’s stock, valued at approximately $5,614,085.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Liberty Capital Management Inc. acquired a new stake in Air Products and Chemicals during the third quarter valued at approximately $100,000. Parkside Financial Bank & Trust boosted its position in shares of Air Products and Chemicals by 8.9% in the second quarter. Parkside Financial Bank & Trust now owns 793 shares of the company’s stock valued at $113,000 after buying an additional 65 shares in the last quarter. Cantab Capital Partners LLP purchased a new position in shares of Air Products and Chemicals during the second quarter valued at about $113,000. Woodmont Investment Counsel LLC purchased a new position in shares of Air Products and Chemicals during the third quarter valued at about $119,000. Finally, Penserra Capital Management LLC boosted its position in shares of Air Products and Chemicals by 100.0% in the third quarter. Penserra Capital Management LLC now owns 864 shares of the company’s stock valued at $129,000 after buying an additional 432 shares in the last quarter. 88.39% of the stock is owned by institutional investors and hedge funds.
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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.
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