Air Products & Chemicals Stock Rating Reaffirmed by Zacks (APD)
Air Products & Chemicals (NYSE:APD)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Wednesday, American Banking News reports. They currently have a $109.00 price objective on the stock. Zacks‘ price objective suggests a potential upside of 4.83% from the stock’s previous close.
Separately, analysts at Atlantic Securities downgraded shares of Air Products & Chemicals from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, January 29th. They now have a $105.00 price target on the stock, down previously from $125.00. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $105.94.
Shares of Air Products & Chemicals (NYSE:APD) traded up 0.33% during mid-day trading on Wednesday, hitting $104.32. 587,676 shares of the company’s stock traded hands. Air Products & Chemicals has a 52 week low of $84.04 and a 52 week high of $114.75. The stock has a 50-day moving average of $109.9 and a 200-day moving average of $107.5. The company has a market cap of $22.082 billion and a P/E ratio of 21.97.
Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data 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. On average, analysts predict that Air Products & Chemicals will post $5.79 earnings per share for the current fiscal year.
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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