Air Products and Chemicals (NYSE:APD - Get Rating) had its price target upped by research analysts at JPMorgan Chase & Co. from $275.00 to $295.00 in a note issued to investors on Friday, The Fly reports. JPMorgan Chase & Co.'s price objective points to a potential upside of 13.85% from the company's current price.
Several other brokerages also recently commented on APD. Cowen dropped their price objective on Air Products and Chemicals from $345.00 to $305.00 in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Air Products and Chemicals from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Friday. UBS Group dropped their price target on Air Products and Chemicals from $321.00 to $295.00 in a research note on Wednesday, July 13th. Atlantic Securities raised Air Products and Chemicals from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $280.00 to $290.00 in a research note on Wednesday, May 25th. Finally, Credit Suisse Group dropped their price target on Air Products and Chemicals from $302.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, May 20th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $289.87.
Air Products and Chemicals Trading Up 0.5 %
Shares of NYSE:APD traded up $1.38 during midday trading on Friday, hitting $259.11. The company had a trading volume of 28,987 shares, compared to its average volume of 1,069,635. Air Products and Chemicals has a 12 month low of $216.24 and a 12 month high of $316.39. The company has a current ratio of 1.95, a quick ratio of 1.79 and a debt-to-equity ratio of 0.47. The stock has a market cap of $57.46 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.87 and a beta of 0.81. The firm has a fifty day simple moving average of $241.33 and a 200 day simple moving average of $244.19.
Air Products and Chemicals (NYSE:APD - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The basic materials company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.61 by $0.01. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.02 billion. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The firm's revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. On average, analysts predict that Air Products and Chemicals will post 10.25 EPS for the current year.
Hedge Funds Weigh In On Air Products and Chemicals
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Air Products and Chemicals by 1.7% during the first quarter. Vanguard Group Inc. now owns 19,964,806 shares of the basic materials company's stock worth $4,989,404,000 after acquiring an additional 326,891 shares during the period. BlackRock Inc. boosted its holdings in shares of Air Products and Chemicals by 1.8% during the first quarter. BlackRock Inc. now owns 14,555,663 shares of the basic materials company's stock worth $3,637,608,000 after acquiring an additional 259,383 shares during the period. State Street Corp boosted its holdings in shares of Air Products and Chemicals by 0.4% during the fourth quarter. State Street Corp now owns 10,840,521 shares of the basic materials company's stock worth $3,314,420,000 after acquiring an additional 44,161 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Air Products and Chemicals by 6.5% during the fourth quarter. JPMorgan Chase & Co. now owns 6,305,512 shares of the basic materials company's stock worth $1,918,516,000 after acquiring an additional 386,592 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Air Products and Chemicals by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,695,491 shares of the basic materials company's stock worth $1,121,472,000 after acquiring an additional 68,321 shares during the period. Institutional investors own 80.62% of the company's stock.
About Air Products and Chemicals
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Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.
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