Air Products & Chemicals, Inc. (NYSE:APD) – Stock analysts at Jefferies Group upped their FY2018 earnings per share estimates for Air Products & Chemicals in a research note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the basic materials company will post earnings of $7.30 per share for the year, up from their previous forecast of $7.05. Jefferies Group currently has a “Buy” rating and a $185.00 price target on the stock. Jefferies Group also issued estimates for Air Products & Chemicals’ FY2019 earnings at $8.05 EPS and FY2020 earnings at $8.90 EPS.

Several other equities research analysts have also issued reports on the stock. Susquehanna Bancshares lifted their price target on shares of Air Products & Chemicals and gave the company a “positive” rating in a report on Tuesday, November 7th. UBS Group lifted their price target on shares of Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $161.00 price target on shares of Air Products & Chemicals in a report on Friday, September 8th. raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $166.79.

Air Products & Chemicals (APD) traded up $1.43 during mid-day trading on Wednesday, reaching $165.51. 1,051,800 shares of the company’s stock traded hands, compared to its average volume of 943,400. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. Air Products & Chemicals has a 52-week low of $133.63 and a 52-week high of $165.54. The company has a market cap of $36,220.00, a price-to-earnings ratio of 32.08, a P/E/G ratio of 1.66 and a beta of 1.24.

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

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. lifted its position in shares of Air Products & Chemicals by 239.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,071,131 shares of the basic materials company’s stock worth $161,977,000 after purchasing an additional 755,930 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Air Products & Chemicals by 6.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 496,605 shares of the basic materials company’s stock worth $75,097,000 after purchasing an additional 28,155 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Air Products & Chemicals in the 3rd quarter worth approximately $3,046,000. Public Employees Retirement System of Ohio lifted its position in shares of Air Products & Chemicals by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,327 shares of the basic materials company’s stock worth $22,128,000 after purchasing an additional 512 shares during the period. Finally, Orleans Capital Management Corp LA acquired a new position in shares of Air Products & Chemicals in the 3rd quarter worth approximately $260,000. Institutional investors and hedge funds own 88.01% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 annualized dividend and a yield of 2.30%. Air Products & Chemicals’s dividend payout ratio is presently 73.64%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/03/fy2018-eps-estimates-for-air-products-chemicals-inc-apd-raised-by-analyst.html.

Air Products & 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.

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

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