Air Products & Chemicals (NYSE:APD) had its target price lifted by equities research analysts at Citigroup from $200.00 to $210.00 in a report issued on Tuesday. The firm presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target indicates a potential upside of 24.78% from the company’s current price.
Other research analysts have also issued reports about the company. SunTrust Banks reiterated a “buy” rating and issued a $175.00 target price on shares of Air Products & Chemicals in a report on Friday, October 27th. Jefferies Group upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the company from $166.00 to $185.00 in a report on Monday, December 11th. HSBC upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $173.29.
Air Products & Chemicals (APD) traded up $1.63 during trading hours on Tuesday, reaching $168.30. The company had a trading volume of 1,730,384 shares, compared to its average volume of 1,040,000. The stock has a market capitalization of $36,830.00, a price-to-earnings ratio of 35.66, a PEG ratio of 1.66 and a beta of 1.24. Air Products & Chemicals has a 52-week low of $133.63 and a 52-week high of $175.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.73 and a current ratio of 2.92.
A number of hedge funds and other institutional investors have recently made changes to their positions in APD. Nordea Investment Management AB lifted its holdings 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 lifted its holdings 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 lifted its holdings 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. lifted its holdings 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. lifted its holdings 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.
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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.
