Air Products & Chemicals PT Raised to $115.00 at Raymond James (APD)
Equities research analysts at Raymond James raised their price target on shares of Air Products & Chemicals (NYSE:APD) from $105.00 to $115.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 7.28% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BGC Financial upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 11th. They now have a $122.00 price target on the stock, up previously from $94.00. Separately, analysts at UBS AG initiated coverage on shares of Air Products & Chemicals in a research note to investors on Tuesday, September 24th. They set a “neutral” rating and a $110.00 price target on the stock. Finally, analysts at Atlantic Securities upgraded shares of Air Products & Chemicals from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Air Products & Chemicals has a consensus rating of “Hold” and a consensus price target of $106.33.
Air Products & Chemicals (NYSE:APD) traded down 0.25% on Wednesday, hitting $107.20. The stock had a trading volume of 1,746,400 shares. Air Products & Chemicals has a one year low of $76.78 and a one year high of $111.00. The stock’s 50-day moving average is $104.3 and its 200-day moving average is $94.40. The company has a market cap of $22.474 billion and a P/E ratio of 22.94.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Tuesday, October 29th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.47. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Air Products & Chemicals will post $6.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, September 27th.
Air Products and Chemicals, Inc has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services.
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