Shares of Air Products and Chemicals, Inc. (NYSE:APD) have earned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $155.57.

APD has been the subject of several research analyst reports. 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. KeyCorp reaffirmed a “buy” rating and issued a $161.00 price objective on shares of Air Products and Chemicals in a report on Friday, September 8th. Argus lifted their price objective on 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 reaffirmed a “hold” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Air Products and Chemicals in a report on Tuesday. Finally, 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.

Air Products and Chemicals (NYSE:APD) traded up 0.04% during mid-day trading on Friday, hitting $150.13. The company had a trading volume of 1,750,625 shares. The firm’s 50 day moving average is $146.29 and its 200 day moving average is $142.78. Air Products and Chemicals has a 52 week low of $129.00 and a 52 week high of $151.42. The company has a market capitalization of $32.72 billion, a price-to-earnings ratio of 11.28 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. On average, equities research analysts predict that Air Products and Chemicals will post $6.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.53%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/09/16/air-products-and-chemicals-inc-apd-receives-average-rating-of-hold-from-brokerages.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APD. BlackRock Inc. lifted its position in Air Products and Chemicals by 1,973.1% during the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock valued at $1,914,263,000 after purchasing an additional 13,466,808 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Air Products and Chemicals by 8,260.1% in the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after acquiring an additional 2,687,657 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Air Products and Chemicals by 243.2% in the first quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock valued at $242,157,000 after acquiring an additional 1,268,305 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after acquiring an additional 887,369 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Air Products and Chemicals by 57.2% in the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after acquiring an additional 773,446 shares in the last quarter. Institutional investors own 88.08% 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)

Receive News & Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.