Air Products & Chemicals (APD) Price Target Increased to $190.00 by Analysts at Monness Crespi & Hardt

Air Products & Chemicals (NYSE:APD) had its target price boosted by investment analysts at Monness Crespi & Hardt from $180.00 to $190.00 in a research note issued on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Monness Crespi & Hardt’s target price would indicate a potential upside of 11.86% from the company’s previous close.

Several other analysts have also commented on APD. Citigroup increased their price target on shares of Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Air Products & Chemicals in a research report on Friday, October 27th. Barclays increased their price objective on shares of Air Products & Chemicals from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Credit Suisse Group increased their price objective on shares of Air Products & Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Finally, UBS Group increased their price objective on shares of Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $168.33.

Shares of Air Products & Chemicals (NYSE:APD) opened at $169.85 on Monday. The company has a market cap of $37,186.84, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Air Products & Chemicals has a 1 year low of $133.63 and a 1 year high of $175.17. The company has a current ratio of 2.92, a quick ratio of 2.73 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.13. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. equities research analysts predict that Air Products & Chemicals will post 7.3 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of APD. Nordea Investment Management AB raised its position in Air Products & Chemicals by 1.3% during the 2nd quarter. Nordea Investment Management AB now owns 9,500 shares of the basic materials company’s stock worth $1,359,000 after buying an additional 121 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Air Products & Chemicals by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 534,047 shares of the basic materials company’s stock worth $76,397,000 after buying an additional 14,565 shares during the last quarter. Voya Investment Management LLC raised its position in Air Products & Chemicals by 13.4% during the 2nd quarter. Voya Investment Management LLC now owns 91,151 shares of the basic materials company’s stock worth $13,040,000 after buying an additional 10,739 shares during the last quarter. First Allied Advisory Services Inc. raised its position in Air Products & Chemicals by 19.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,390 shares of the basic materials company’s stock worth $342,000 after buying an additional 392 shares during the last quarter. Finally, Clinton Group Inc. raised its position in Air Products & Chemicals by 10.9% during the 2nd quarter. Clinton Group Inc. now owns 7,214 shares of the basic materials company’s stock worth $1,032,000 after buying an additional 709 shares during the last quarter. 88.08% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Air Products & Chemicals (APD) Price Target Increased to $190.00 by Analysts at Monness Crespi & Hardt” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/29/air-products-chemicals-apd-price-target-increased-to-190-00-by-analysts-at-monness-crespi-hardt.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.

Analyst Recommendations for Air Products & Chemicals (NYSE:APD)



Leave a Reply