Air Products & Chemicals (APD) Downgraded by ValuEngine

Share on StockTwits

Air Products & Chemicals (NYSE:APD) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other equities analysts have also commented on the stock. Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 1st. BNP Paribas started coverage on shares of Air Products & Chemicals in a report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. BMO Capital Markets restated a “buy” rating and issued a $197.00 price objective (up from $195.00) on shares of Air Products & Chemicals in a report on Friday, July 27th. Finally, Sanford C. Bernstein started coverage on shares of Air Products & Chemicals in a report on Monday, September 24th. They issued an “outperform” rating and a $202.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $186.65.

Shares of APD stock traded down $2.10 during trading hours on Monday, hitting $153.30. The company had a trading volume of 1,539,967 shares, compared to its average volume of 1,031,516. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.40. Air Products & Chemicals has a fifty-two week low of $152.71 and a fifty-two week high of $175.17. The firm has a market cap of $34.07 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.43 and a beta of 1.05.

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

A number of institutional investors have recently added to or reduced their stakes in APD. Nomura Holdings Inc. increased its position in shares of Air Products & Chemicals by 100.6% in the 2nd quarter. Nomura Holdings Inc. now owns 12,029 shares of the basic materials company’s stock valued at $1,873,000 after purchasing an additional 1,981,397 shares during the last quarter. FMR LLC increased its position in shares of Air Products & Chemicals by 52.8% in the 2nd quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock valued at $694,111,000 after purchasing an additional 1,540,875 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Air Products & Chemicals by 326.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 457,066 shares of the basic materials company’s stock valued at $71,221,000 after purchasing an additional 349,926 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Air Products & Chemicals by 17,431.3% in the 1st quarter. Summit Trail Advisors LLC now owns 254,379 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 252,928 shares during the last quarter. Finally, Luminus Management LLC increased its position in shares of Air Products & Chemicals by 14.3% in the 2nd quarter. Luminus Management LLC now owns 1,925,589 shares of the basic materials company’s stock valued at $299,872,000 after purchasing an additional 240,918 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.

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.

Featured Article: Understanding Average Daily Trade Volume

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply