Air Products & Chemicals (NYSE:APD) was downgraded by equities researchers at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research report issued on Friday, The Fly reports. The analysts noted that the move was a valuation call.
Other equities research analysts also recently issued research reports about the company. Vertical Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Deutsche Bank reduced their target price on Xilinx from $125.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, April 25th. BMO Capital Markets increased their target price on Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Barclays set a $46.00 target price on D. R. Horton and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and increased their target price for the company from $170.00 to $215.00 in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Air Products & Chemicals has an average rating of “Buy” and an average target price of $216.42.
Shares of NYSE:APD opened at $227.76 on Friday. Air Products & Chemicals has a one year low of $148.44 and a one year high of $231.45. The firm’s fifty day moving average is $218.77. The firm has a market cap of $49.81 billion, a P/E ratio of 30.57, a PEG ratio of 2.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 2.16.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.04. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Air Products & Chemicals will post 8.22 earnings per share for the current fiscal year.
In other news, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total value of $614,819.70. Following the transaction, the vice president now directly owns 6,387 shares of the company’s stock, valued at $1,322,172.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.35% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. IMA Wealth Inc. increased its position in Air Products & Chemicals by 285.7% during the first quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Field & Main Bank acquired a new position in Air Products & Chemicals during the first quarter worth $27,000. Advisory Alpha LLC acquired a new position in Air Products & Chemicals during the first quarter worth $29,000. Pinnacle Bank acquired a new position in Air Products & Chemicals during the fourth quarter worth $38,000. Finally, Destination Wealth Management acquired a new position in Air Products & Chemicals during the first quarter worth $40,000. 87.05% of the stock is currently owned by institutional investors and hedge funds.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
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