Air Products & Chemicals Stock Rating Lowered by Atlantic Securities (APD)
Air Products & Chemicals (NYSE:APD) was downgraded by investment analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note to investors on Tuesday, November 5th. They now have a $114.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $106.33.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Monday, January 27th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.01. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis.
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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