Air Products and Chemicals, Inc. (NYSE:APD) was upgraded by Vertical Research from a “sell” rating to a “hold” rating in a research report issued on Monday, The Fly reports.

Several other equities research analysts have also recently weighed in on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday. BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $153.85.

Shares of Air Products and Chemicals (NYSE:APD) opened at 147.22 on Monday. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $150.45. The stock’s 50 day moving average is $144.52 and its 200 day moving average is $141.78. The firm has a market cap of $32.09 billion, a P/E ratio of 11.06 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts expect that Air Products and Chemicals will post $6.22 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in APD. RiverPoint Capital Management LLC boosted its stake in Air Products and Chemicals by 4.5% in the second quarter. RiverPoint Capital Management LLC now owns 119,584 shares of the basic materials company’s stock worth $17,108,000 after buying an additional 5,119 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Air Products and Chemicals by 7.0% in the second quarter. Mosaic Family Wealth LLC now owns 1,070 shares of the basic materials company’s stock worth $153,000 after buying an additional 70 shares during the last quarter. Boston Private Wealth LLC increased its position in shares of Air Products and Chemicals by 2.3% in the second quarter. Boston Private Wealth LLC now owns 84,558 shares of the basic materials company’s stock worth $12,097,000 after buying an additional 1,919 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Air Products and Chemicals by 2.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 294,541 shares of the basic materials company’s stock worth $42,137,000 after buying an additional 7,826 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Air Products and Chemicals by 295.2% in the second quarter. Marshall Wace LLP now owns 62,175 shares of the basic materials company’s stock worth $8,891,000 after buying an additional 46,444 shares during the last quarter. 88.92% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Company Profile

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.

The Fly

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

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