Air Products & Chemicals, Inc. (APD) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Air Products & Chemicals, Inc. (NYSE:APD) have received an average rating of “Buy” from the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $175.79.

A number of analysts have recently issued reports on APD shares. upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Monday, November 13th. Argus boosted their price target on 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 boosted their price target on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, October 27th. raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Susquehanna Bancshares boosted their price target on Air Products & Chemicals and gave the company a “positive” rating in a research note on Tuesday, November 7th.

Air Products & Chemicals (APD) traded down $0.24 on Tuesday, hitting $159.44. The stock had a trading volume of 1,184,172 shares, compared to its average volume of 1,311,779. The company has a market capitalization of $34,890.00, a PE ratio of 33.78, a PEG ratio of 1.54 and a beta of 1.22. 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 has a 1-year low of $133.63 and a 1-year high of $175.17.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 26th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. Air Products & Chemicals’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. analysts anticipate that Air Products & Chemicals will post 7.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 2nd will be paid a $1.10 dividend. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, March 29th. This represents a $4.40 annualized dividend and a yield of 2.76%. Air Products & Chemicals’s payout ratio is currently 80.51%.

A number of hedge funds have recently made changes to their positions in APD. Tortoise Investment Management LLC boosted its stake in Air Products & Chemicals by 3,369.6% in the third quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 775 shares in the last quarter. Cerebellum GP LLC acquired a new position in Air Products & Chemicals in the fourth quarter worth $129,000. Prentiss Smith & Co. Inc. acquired a new position in Air Products & Chemicals in the fourth quarter worth $139,000. Westwood Holdings Group Inc. boosted its stake in Air Products & Chemicals by 718.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 970 shares in the last quarter. Finally, WFG Advisors LP boosted its stake in Air Products & Chemicals by 47.5% in the second quarter. WFG Advisors LP now owns 1,267 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 408 shares in the last quarter. 87.03% of the stock is currently owned by institutional investors and hedge funds.

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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)

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