Air Products & Chemicals Given Average Rating of “Hold” by Brokerages (NYSE:APD)
Air Products & Chemicals (NYSE:APD) has earned an average rating of “Hold” from the fifteen brokerages that are presently covering the company, Analyst Ratings Network reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $119.93.
Air Products & Chemicals (NYSE:APD) traded down 0.30% on Monday, hitting $128.22. The stock had a trading volume of 404,545 shares. Air Products & Chemicals has a 1-year low of $90.12 and a 1-year high of $131.48. The stock’s 50-day moving average is $122.2 and its 200-day moving average is $116.7. The company has a market cap of $27.218 billion and a price-to-earnings ratio of 27.48.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Wednesday, April 23rd. The company reported $1.32 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.37 earnings per share. Air Products & Chemicals’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Air Products & Chemicals will post $5.74 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on APD shares. Analysts at Barclays downgraded shares of Air Products & Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Friday. They now have a $135.00 price target on the stock, up previously from $125.00. Separately, analysts at Credit Suisse raised their price target on shares of Air Products & Chemicals from $118.00 to $140.00 in a research note on Thursday, June 19th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Air Products & Chemicals to $145.00 in a research note on Thursday, June 19th.
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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