Air Products and Chemicals, Inc. (APD) Receives $155.57 Average Target Price from Analysts
Air Products and Chemicals, Inc. (NYSE:APD) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $155.57.
A number of equities research analysts recently weighed in on APD shares. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and issued a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Deutsche Bank AG raised their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC reissued a “buy” rating and issued a $170.00 price target on shares of Air Products and Chemicals in a report on Friday, August 4th.
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Large investors have recently modified their holdings of the company. Bancorpsouth Inc. boosted its stake in shares of Air Products and Chemicals by 4.1% in the first quarter. Bancorpsouth Inc. now owns 17,154 shares of the basic materials company’s stock worth $2,321,000 after acquiring an additional 683 shares during the last quarter. Good Life Advisors LLC acquired a new position in Air Products and Chemicals during the second quarter worth $217,000. Utah Retirement Systems boosted its stake in Air Products and Chemicals by 9.2% during the second quarter. Utah Retirement Systems now owns 39,143 shares of the basic materials company’s stock worth $5,600,000 after buying an additional 3,300 shares during the last quarter. Swiss National Bank boosted its stake in Air Products and Chemicals by 9.0% during the second quarter. Swiss National Bank now owns 794,606 shares of the basic materials company’s stock worth $113,676,000 after buying an additional 65,600 shares during the last quarter. Finally, Sage Capital Advisors llc acquired a new position in Air Products and Chemicals during the second quarter worth $718,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
Air Products and Chemicals (NYSE APD) traded down 0.38% during trading on Friday, hitting $150.37. The stock had a trading volume of 756,974 shares. The stock has a market capitalization of $32.77 billion, a PE ratio of 11.30 and a beta of 1.25. Air Products and Chemicals has a 52-week low of $129.00 and a 52-week high of $151.42. The stock’s 50-day moving average is $146.50 and its 200-day moving average is $142.86.
Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.92 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Air Products and Chemicals will post $6.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.
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.
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