Air Products & Chemicals Given Average Recommendation of “Hold” by Analysts (NYSE:APD)
Shares of Air Products & Chemicals (NYSE:APD) have earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, StockRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $129.00.
Air Products & Chemicals (NYSE:APD) opened at 132.78 on Tuesday. Air Products & Chemicals has a 52 week low of $100.58 and a 52 week high of $136.91. The stock’s 50-day moving average is $131.5 and its 200-day moving average is $121.8. The company has a market cap of $28.284 billion and a P/E ratio of 27.73.
Air Products & Chemicals (NYSE:APD) last released its earnings data 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 declared a quarterly dividend, which is scheduled for Monday, November 10th. Investors of record on Wednesday, October 1st will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, September 29th.
APD has been the subject of a number of recent research reports. 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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