Air Products & Chemicals Given New $98.00 Price Target at Susquehanna (APD)
Research analysts at Susquehanna lowered their target price on shares of Air Products & Chemicals (NYSE:APD) from $100.00 to $98.00 in a report released on Thursday, Stock Ratings News reports. Susquehanna’s price objective suggests a potential downside of 6.17% from the stock’s previous close.
Air Products & Chemicals (NYSE:APD) traded up 2.86% on Thursday, hitting $107.24. The stock had a trading volume of 1,511,718 shares. Air Products & Chemicals has a one year low of $84.04 and a one year high of $114.75. The stock’s 50-day moving average is $109.8 and its 200-day moving average is $107.5. The company has a market cap of $22.700 billion and a price-to-earnings ratio of 22.03.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Monday, January 27th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.30 earnings per share. Air Products & Chemicals’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Air Products & Chemicals will post $5.77 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note to investors on Wednesday. They now have a $109.00 price target on the stock. 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $105.81.
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.
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.