Air Products and Chemicals, Inc. (NYSE:APD)‘s stock had its “buy” rating reiterated by equities research analysts at KeyCorp in a research note issued on Friday. They currently have a $161.00 target price on the basic materials company’s stock. KeyCorp’s price target would suggest a potential upside of 11.52% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. Argus lifted their price objective on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a report on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $153.79.

Air Products and Chemicals (NYSE APD) opened at 144.37 on Friday. The stock has a 50 day moving average of $145.61 and a 200 day moving average of $142.43. Air Products and Chemicals has a one year low of $129.00 and a one year high of $150.45. The firm has a market cap of $31.47 billion, a PE ratio of 10.85 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.92 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts forecast that Air Products and Chemicals will post $6.23 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the business. Albert D Mason Inc. lifted its stake in Air Products and Chemicals by 79.7% in the third quarter. Albert D Mason Inc. now owns 27,308 shares of the basic materials company’s stock valued at $4,105,000 after buying an additional 12,109 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Air Products and Chemicals by 57.7% in the fourth quarter. Suntrust Banks Inc. now owns 18,278 shares of the basic materials company’s stock valued at $2,377,000 after buying an additional 6,687 shares during the last quarter. Bank of Montreal Can bought a new stake in Air Products and Chemicals in the second quarter valued at $37,233,000. Northeast Investment Management lifted its stake in Air Products and Chemicals by 0.3% in the second quarter. Northeast Investment Management now owns 15,700 shares of the basic materials company’s stock valued at $2,230,000 after buying an additional 51 shares during the last quarter. Finally, Campbell Newman Asset Management lifted its stake in Air Products and Chemicals by 8.5% in the fourth quarter. Campbell Newman Asset Management now owns 2,175 shares of the basic materials company’s stock valued at $283,000 after buying an additional 170 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

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.

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

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