Share on StockTwits
 

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.

To view Zacks’ full report, visit www.zacks.com

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.