Several other research firms have also recently commented on APD. Deutsche Bank boosted their price target on shares of Air Products & Chemicals from $182.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Vertical Research lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. UBS Group lifted their price objective on shares of Air Products & Chemicals from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group lifted their price objective on shares of Air Products & Chemicals from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Air Products & Chemicals presently has an average rating of “Buy” and a consensus price target of $201.45.
Shares of Air Products & Chemicals stock traded up $0.06 on Thursday, hitting $199.48. 626,563 shares of the company traded hands, compared to its average volume of 974,898. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. Air Products & Chemicals has a 12-month low of $148.44 and a 12-month high of $201.97. The stock has a market cap of $43.19 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.85 and a beta of 0.82.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company posted $1.71 EPS. Air Products & Chemicals’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Air Products & Chemicals will post 8.18 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. increased its stake in Air Products & Chemicals by 2,002.7% in the fourth quarter. 1832 Asset Management L.P. now owns 353,219 shares of the basic materials company’s stock valued at $56,469,000 after acquiring an additional 336,421 shares during the period. Bfsg LLC bought a new stake in Air Products & Chemicals during the first quarter worth about $605,000. Truvestments Capital LLC bought a new stake in Air Products & Chemicals during the first quarter worth about $79,000. PagnatoKarp Partners LLC grew its stake in Air Products & Chemicals by 45.7% during the first quarter. PagnatoKarp Partners LLC now owns 3,270 shares of the basic materials company’s stock worth $628,000 after buying an additional 1,026 shares during the last quarter. Finally, Hayden Royal LLC bought a new stake in Air Products & Chemicals during the fourth quarter worth about $310,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
About Air Products & Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
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