Air Products & Chemicals (APD) Stock Rating Lowered by JPMorgan Chase & Co.

Air Products & Chemicals (NYSE:APD) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $170.00 price target on the basic materials company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 2.00% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Monday, November 13th. Argus lifted their price objective on shares of Air Products & Chemicals to $192.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. UBS Group lifted 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 note on Friday, October 27th. upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, HSBC upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $169.56.

Air Products & Chemicals (NYSE APD) traded down $3.18 during trading hours on Monday, hitting $166.67. 2,032,487 shares of the company were exchanged, compared to its average volume of 1,139,547. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.92 and a quick ratio of 2.73. The company has a market cap of $37,186.84, a PE ratio of 12.83, a PEG ratio of 1.66 and a beta of 1.25. Air Products & Chemicals has a 52 week low of $133.63 and a 52 week high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Air Products & Chemicals had a net margin of 7.34% and a return on equity of 6.15%. Air Products & Chemicals’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. sell-side analysts anticipate that Air Products & Chemicals will post 7.3 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Air Products & Chemicals during the 4th quarter valued at $129,000. Tortoise Investment Management LLC grew its position in shares of Air Products & Chemicals by 3,369.6% during the 3rd quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 775 shares in the last quarter. Westwood Holdings Group Inc. grew its position in shares of Air Products & Chemicals by 718.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 970 shares in the last quarter. Country Club Trust Company n.a. purchased a new position in shares of Air Products & Chemicals during the 4th quarter valued at $202,000. Finally, San Francisco Sentry Investment Group CA grew its position in shares of Air Products & Chemicals by 6,110.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,242 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/29/air-products-chemicals-apd-stock-rating-lowered-by-jpmorgan-chase-co.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