Air Products and Chemicals, Inc. (NYSE:APD) – Seaport Global Securities upped their Q1 2018 earnings per share (EPS) estimates for Air Products and Chemicals in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $1.67 per share for the quarter, up from their previous forecast of $1.66. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q1 2019 earnings at $1.83 EPS, Q2 2019 earnings at $1.82 EPS, Q3 2019 earnings at $1.93 EPS, Q4 2019 earnings at $2.03 EPS and FY2019 earnings at $7.61 EPS.

Several other brokerages also recently issued reports on APD. Citigroup Inc. lifted their price objective on Air Products and Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research report on Friday. Barclays PLC lifted their price objective on Air Products and Chemicals from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $175.00 price objective on shares of Air Products and Chemicals in a research report on Friday. Credit Suisse Group lifted their price objective on Air Products and Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday. Finally, UBS AG lifted their price objective on Air Products and Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $162.33.

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Shares of Air Products and Chemicals (APD) traded down 0.41% on Tuesday, hitting $159.30. The stock had a trading volume of 225,820 shares. The firm has a 50 day moving average price of $152.77 and a 200-day moving average price of $146.44. The company has a market cap of $34.72 billion, a price-to-earnings ratio of 11.97 and a beta of 1.26. Air Products and Chemicals has a 52 week low of $131.12 and a 52 week high of $162.86.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $2.01 earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Air Products and Chemicals by 3.6% in the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after purchasing an additional 604,454 shares during the last quarter. BlackRock Inc. increased its holdings in Air Products and Chemicals by 8.0% in the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after purchasing an additional 1,131,879 shares during the last quarter. State Street Corp increased its holdings in Air Products and Chemicals by 2.8% in the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after purchasing an additional 291,150 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after purchasing an additional 611,672 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Air Products and Chemicals by 13.4% in the second quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock valued at $506,589,000 after purchasing an additional 419,593 shares during the last quarter. Institutional investors and hedge funds own 87.30% 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.

Earnings History and Estimates for Air Products and Chemicals (NYSE:APD)

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