Air Products and Chemicals, Inc. (NYSE:APD) was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a research note issued to investors on Thursday.

APD has been the topic of several other research reports. KeyCorp reaffirmed a “buy” rating and set a $161.00 target price on shares of Air Products and Chemicals in a research note on Friday, September 8th. Deutsche Bank AG boosted their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Vertical Research reissued a “hold” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday. Credit Suisse Group reissued an “outperform” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $153.93.

Shares of Air Products and Chemicals (APD) opened at 149.20 on Thursday. The firm has a 50-day moving average price of $145.81 and a 200 day moving average price of $142.60. Air Products and Chemicals has a 12-month low of $129.00 and a 12-month high of $151.42. The firm has a market cap of $32.52 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25.

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

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Several large investors have recently modified their holdings of APD. Patten Group Inc. lifted its holdings in shares of Air Products and Chemicals by 3.7% during the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 28 shares during the period. State of Alaska Department of Revenue acquired a new position in Air Products and Chemicals in the first quarter valued at $109,000. Guardian Life Insurance Co. of America lifted its holdings 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 period. IMS Capital Management acquired a new position in Air Products and Chemicals in the second quarter valued at $129,000. Finally, Armbruster Capital Management Inc. lifted its holdings in Air Products and Chemicals by 13.5% in the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after buying an additional 108 shares during the period. 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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