Air Products and Chemicals, Inc. (NYSE:APD) – Equities researchers at Seaport Global Securities issued their Q2 2018 earnings per share estimates for Air Products and Chemicals in a research report issued on Monday. Seaport Global Securities analyst M. Harrison forecasts that the basic materials company will earn $1.65 per share for the quarter. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q3 2018 earnings at $1.82 EPS, Q4 2018 earnings at $1.91 EPS and FY2018 earnings at $7.05 EPS.

Several other research analysts have also recently weighed in on APD. Jefferies Group LLC restated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 14th. Credit Suisse Group restated an “outperform” rating and set a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Deutsche Bank AG boosted their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Barclays PLC restated a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. Finally, Vertical Research upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $162.33.

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Air Products and Chemicals (NYSE:APD) traded up 0.298% during midday trading on Wednesday, hitting $159.905. The stock had a trading volume of 651,644 shares. The company has a market cap of $34.85 billion, a PE ratio of 12.013 and a beta of 1.26. Air Products and Chemicals has a 12-month low of $131.80 and a 12-month high of $162.86. The firm has a 50-day moving average of $153.06 and a 200-day moving average of $146.53.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The business had revenue of $2.20 billion during 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 revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company earned $2.01 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APD. Guardian Life Insurance Co. of America raised its position 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 purchasing an additional 6 shares during the period. Fort Pitt Capital Group LLC raised its position in Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 7 shares during the period. Oakworth Capital Inc. raised its position in Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 7 shares during the period. MAI Capital Management raised its position in Air Products and Chemicals by 0.5% in the second quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock valued at $275,000 after purchasing an additional 9 shares during the period. Finally, Ledyard National Bank raised its position in Air Products and Chemicals by 0.7% in the second quarter. Ledyard National Bank now owns 1,529 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors 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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