ValuEngine downgraded shares of Air Products & Chemicals (NYSE:APD) from a buy rating to a hold rating in a report released on Monday.
Several other equities analysts have also recently issued reports on APD. Zacks Investment Research raised Air Products & Chemicals from a hold rating to a buy rating and set a $174.00 price objective for the company in a report on Wednesday, June 27th. Citigroup lifted their price objective on Air Products & Chemicals from $198.00 to $200.00 and gave the stock a buy rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. reduced their price objective on Air Products & Chemicals from $172.00 to $170.00 and set an overweight rating for the company in a report on Friday, July 27th. Credit Suisse Group lifted their price objective on Air Products & Chemicals from $182.00 to $188.00 and gave the stock a buy rating in a report on Friday, July 27th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $197.00 price objective (up from $195.00) on shares of Air Products & Chemicals in a report on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $186.65.
Shares of APD stock opened at $153.30 on Monday. The firm has a market cap of $34.07 billion, a P/E ratio of 24.29, a PEG ratio of 1.43 and a beta of 1.05. Air Products & Chemicals has a 1 year low of $152.71 and a 1 year high of $175.17. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35.
Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.11. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. Air Products & Chemicals’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. As a group, research analysts predict that Air Products & Chemicals will post 7.45 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Air Products & Chemicals in the first quarter worth $114,000. Braun Bostich & Associates Inc. raised its holdings in shares of Air Products & Chemicals by 542.6% in the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 624 shares during the last quarter. IMS Capital Management acquired a new position in shares of Air Products & Chemicals in the second quarter worth $146,000. Vigilant Capital Management LLC acquired a new position in shares of Air Products & Chemicals in the second quarter worth $158,000. Finally, Clarus Wealth Advisors acquired a new position in shares of Air Products & Chemicals in the second quarter worth $164,000. 86.19% of the stock is owned by institutional investors.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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