Air Products & Chemicals Stock Rating Lowered by BGC Financial (APD)
Air Products & Chemicals (NYSE:APD) was downgraded by research analysts at BGC Financial from a “buy” rating to a “hold” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Shares of Air Products & Chemicals (NYSE:APD) opened at 118.23 on Tuesday. Air Products & Chemicals has a 52-week low of $90.12 and a 52-week high of $124.40. The stock has a 50-day moving average of $118.2 and a 200-day moving average of $113.9. The company has a market cap of $25.097 billion and a P/E ratio of 25.26.
Air Products & Chemicals (NYSE:APD) last released its earnings data on Wednesday, April 23rd. The company reported $1.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.35 by $0.03. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Air Products & Chemicals will post $5.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 11th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, June 27th.
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 on Thursday, May 8th. They now have a $126.00 price target on the stock. Separately, analysts at Atlantic Securities downgraded shares of Air Products & Chemicals from a “neutral” rating to an “underweight” rating in a research note on Monday, April 28th. They now have a $110.00 price target on the stock, down previously from $125.00. Finally, analysts at Susquehanna raised their price target on shares of Air Products & Chemicals from $98.00 to $125.00 in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Air Products & Chemicals presently has an average rating of “Hold” and a consensus target price of $115.31.
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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