Air Products & Chemicals, Inc. (APD) Given Average Rating of “Buy” by Analysts

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Air Products & Chemicals, Inc. (NYSE:APD) has been given a consensus rating of “Buy” by the twenty research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $185.69.

A number of analysts recently commented on the company. Vertical Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. BMO Capital Markets raised their price target on Air Products & Chemicals from $197.00 to $202.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 14th. Deutsche Bank raised their price target on Air Products & Chemicals from $190.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Susquehanna Bancshares raised their price target on Air Products & Chemicals from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research raised Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $181.00 price target on the stock in a research note on Monday, July 30th.

Shares of APD traded down $1.05 during trading hours on Friday, reaching $165.01. 18,196 shares of the company traded hands, compared to its average volume of 918,455. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $36.27 billion, a P/E ratio of 26.11, a PEG ratio of 1.37 and a beta of 1.06. Air Products & Chemicals has a fifty-two week low of $143.79 and a fifty-two week high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.11. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. equities analysts expect that Air Products & Chemicals will post 7.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 12th. Shareholders of record on Monday, October 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, September 28th. Air Products & Chemicals’s payout ratio is 69.73%.

A number of large investors have recently modified their holdings of APD. FDx Advisors Inc. raised its holdings in shares of Air Products & Chemicals by 24.7% in the 1st quarter. FDx Advisors Inc. now owns 5,388 shares of the basic materials company’s stock worth $857,000 after purchasing an additional 1,066 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Air Products & Chemicals by 19.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,999 shares of the basic materials company’s stock valued at $1,272,000 after buying an additional 1,326 shares during the period. Dupont Capital Management Corp raised its holdings in shares of Air Products & Chemicals by 84.6% during the 1st quarter. Dupont Capital Management Corp now owns 3,534 shares of the basic materials company’s stock valued at $562,000 after buying an additional 1,620 shares during the period. Twin Capital Management Inc. raised its holdings in shares of Air Products & Chemicals by 4.8% during the 1st quarter. Twin Capital Management Inc. now owns 17,260 shares of the basic materials company’s stock valued at $2,745,000 after buying an additional 790 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of Air Products & Chemicals by 61.5% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 6,998 shares of the basic materials company’s stock valued at $1,113,000 after buying an additional 2,666 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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