Air Products & Chemicals Receives Average Recommendation of “Hold” from Analysts (NYSE:APD)
Shares of Air Products & Chemicals (NYSE:APD) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, Stock Ratings Network.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $129.00.
In other Air Products & Chemicals news, CEO Seifi Ghasemi purchased 25,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $132.84 per share, with a total value of $3,321,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Air Products & Chemicals (NYSE:APD) traded down 0.31% on Tuesday, hitting $131.62. The stock had a trading volume of 97,439 shares. Air Products & Chemicals has a 52-week low of $99.76 and a 52-week high of $136.91. The stock has a 50-day moving average of $131.1 and a 200-day moving average of $121.2. The company has a market cap of $28.037 billion and a price-to-earnings ratio of 27.62.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Wednesday, July 23rd. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. 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. Stockholders 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.
A number of analysts have recently weighed in on APD shares. Analysts at Zacks reiterated a “neutral” rating on shares of Air Products & Chemicals in a research note on Thursday, August 7th. They now have a $139.00 price target on the stock. Separately, 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. Finally, 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.
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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