Air Products & Chemicals Receives “Neutral” Rating from Zacks (APD)
Air Products & Chemicals (NYSE:APD)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Thursday. They currently have a $139.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 5.05% from the stock’s previous close.
APD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Air Products & Chemicals in a research note on Thursday, July 24th. They now have a $150.00 price target on the stock, up previously from $145.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note on Thursday, July 24th. They now have a $126.00 price target on the stock, up previously from $107.00. Finally, analysts at Barclays downgraded shares of Air Products & Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 27th. They now have a $135.00 price target on the stock, up previously from $125.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Air Products & Chemicals has a consensus rating of “Hold” and a consensus price target of $129.00.
Shares of Air Products & Chemicals (NYSE:APD) traded down 1.07% on Thursday, hitting $130.91. The stock had a trading volume of 617,392 shares. Air Products & Chemicals has a one year low of $99.76 and a one year high of $136.91. The stock’s 50-day moving average is $130.7 and its 200-day moving average is $120.. The company has a market cap of $27.886 billion and a P/E ratio of 27.68.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Wednesday, July 23rd. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.45 by $0.01. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company posted $1.36 earnings per share. Air Products & Chemicals’s revenue was up 3.4% 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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 10th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, September 29th.
In other Air Products & Chemicals news, CEO Seifi Ghasemi acquired 25,000 shares of Air Products & Chemicals stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $132.84 per share, for a total transaction of $3,321,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
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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