Air Products and Chemicals, Inc. (NYSE:APD)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $155.00 price target on the basic materials company’s stock. Jefferies Group LLC’s price target indicates a potential upside of 6.48% from the stock’s previous close.

APD has been the topic of several other research reports. Zacks Investment Research cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the company from $148.00 to $160.00 in a report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $152.85.

Shares of Air Products and Chemicals (APD) traded up 0.83% during midday trading on Friday, reaching $145.57. The company’s stock had a trading volume of 1,014,030 shares. Air Products and Chemicals has a 12 month low of $128.35 and a 12 month high of $150.45. The stock has a market capitalization of $31.69 billion, a PE ratio of 10.07 and a beta of 1.26. The stock’s 50 day moving average is $144.33 and its 200 day moving average is $142.11.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, April 27th. The basic materials company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Air Products and Chemicals had a return on equity of 19.26% and a net margin of 36.19%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, analysts forecast that Air Products and Chemicals will post $6.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, June 29th. Air Products and Chemicals’s payout ratio is 26.28%.

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Institutional investors have recently bought and sold shares of the company. iAB Financial Bank purchased a new position in Air Products and Chemicals during the first quarter valued at $100,000. Patten Group Inc. boosted its position in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Air Products and Chemicals during the first quarter valued at $109,000. Guardian Life Insurance Co. of America boosted its position in Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares during the last quarter. Finally, Webster Bank N. A. boosted its position in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after buying an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

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