Air Products and Chemicals (NYSE:APD) PT Lowered to $286.00 at Mizuho

Air Products and Chemicals (NYSE:APD) had its price target reduced by Mizuho from $295.00 to $286.00 in a research report report published on Wednesday morning, Benzinga reports. Mizuho currently has a buy rating on the basic materials company’s stock.

A number of other research firms also recently commented on APD. Argus downgraded Air Products and Chemicals from a buy rating to a hold rating in a research note on Monday, February 26th. BMO Capital Markets lowered their target price on Air Products and Chemicals from $307.00 to $250.00 and set an outperform rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company downgraded Air Products and Chemicals from an overweight rating to an equal weight rating in a research note on Monday, February 5th. Morgan Stanley lowered their target price on Air Products and Chemicals from $285.00 to $240.00 and set an equal weight rating for the company in a research note on Wednesday, February 7th. Finally, StockNews.com raised Air Products and Chemicals from a sell rating to a hold rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of Hold and an average price target of $277.43.

Air Products and Chemicals Stock Up 0.5 %

APD opened at $237.50 on Wednesday. The company has a market capitalization of $52.80 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.62 and a beta of 0.81. The stock has a fifty day moving average of $237.72 and a 200-day moving average of $254.55. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. Air Products and Chemicals’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.74 earnings per share. On average, equities analysts expect that Air Products and Chemicals will post 12.38 EPS for the current year.

Institutional Trading of Air Products and Chemicals

Institutional investors have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Sachetta LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Security National Bank acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Finally, Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals in the first quarter valued at approximately $27,000. 81.66% of the stock is currently owned by institutional investors.

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.