Air Products and Chemicals, Inc. (NYSE:APD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Air Products and Chemicals, Inc. (NYSE:APD – Get Rating) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $292.46.

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Air Products and Chemicals from $300.00 to $275.00 in a report on Monday, May 9th. Jefferies Financial Group lowered their target price on shares of Air Products and Chemicals from $270.00 to $257.00 in a report on Thursday, June 16th. Credit Suisse Group lowered their target price on shares of Air Products and Chemicals from $302.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, May 20th. Wells Fargo & Company lowered shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $275.00 to $255.00 in a report on Wednesday, May 11th. Finally, Atlantic Securities upgraded shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $280.00 to $290.00 in a report on Wednesday, May 25th.

Shares of NYSE APD opened at $242.75 on Friday. The firm’s 50-day moving average price is $241.35 and its 200-day moving average price is $254.25. Air Products and Chemicals has a 1-year low of $216.24 and a 1-year high of $316.39. The firm has a market capitalization of $53.84 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a current ratio of 1.95, a quick ratio of 1.79 and a debt-to-equity ratio of 0.47.

Air Products and Chemicals (NYSE:APD – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The basic materials company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. Air Products and Chemicals had a net margin of 19.63% and a return on equity of 15.32%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the business earned $2.08 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities research analysts forecast that Air Products and Chemicals will post 10.27 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, July 1st will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, June 30th. Air Products and Chemicals’s dividend payout ratio is currently 64.54%.

Several institutional investors have recently added to or reduced their stakes in the company. Rational Advisors LLC boosted its holdings in Air Products and Chemicals by 126.3% in the 4th quarter. Rational Advisors LLC now owns 86 shares of the basic materials company’s stock worth $26,000 after buying an additional 48 shares during the period. Arlington Partners LLC bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $28,000. Northwest Investment Counselors LLC bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $30,000. TAP Consulting LLC bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $31,000. Finally, Emerald Advisers LLC bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $33,000. 80.62% of the stock is owned by hedge funds and other institutional investors.

About Air Products and Chemicals (Get Rating)

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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Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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