Air Products and Chemicals, Inc. (APD) Upgraded at Susquehanna Bancshares Inc

Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals, Inc. (NYSE:APD) from a neutral rating to a positive rating in a report issued on Thursday, MarketBeat.com reports. They currently have $175.00 price objective on the basic materials company’s stock, up from their previous price objective of $165.00.

A number of other equities research analysts have also issued reports on the company. Argus lifted their target price on Air Products and Chemicals from $159.00 to $165.00 and gave the company a buy rating in a research report on Monday, August 28th. BidaskClub lowered Air Products and Chemicals from a hold rating to a sell rating in a research report on Friday, June 23rd. Jefferies Group LLC reissued a hold rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 14th. Credit Suisse Group reissued an outperform rating and issued a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Finally, Vertical Research raised Air Products and Chemicals from a sell rating to a hold rating and set a $146.00 target price on the stock in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $155.33.

Shares of Air Products and Chemicals (NYSE:APD) opened at 150.13 on Thursday. Air Products and Chemicals has a 52 week low of $129.00 and a 52 week high of $151.42. The company has a 50 day moving average price of $146.29 and a 200 day moving average price of $142.78. The company has a market cap of $32.72 billion, a PE ratio of 11.28 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm earned $1.92 EPS. Air Products and Chemicals’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts expect that Air Products and Chemicals will post $6.23 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

Several large investors have recently bought and sold shares of APD. State of Alaska Department of Revenue acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $109,000. Waldron LP acquired a new position in shares of Air Products and Chemicals during the 1st quarter worth approximately $263,000. State Treasurer State of Michigan increased its position in shares of Air Products and Chemicals by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 71,502 shares of the basic materials company’s stock worth $9,674,000 after purchasing an additional 400 shares during the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of Air Products and Chemicals by 1.1% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 28,310 shares of the basic materials company’s stock worth $3,830,000 after purchasing an additional 295 shares during the last quarter. Finally, Wealth Architects LLC increased its position in shares of Air Products and Chemicals by 4.3% during the 1st quarter. Wealth Architects LLC now owns 1,954 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 80 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and 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 and Chemicals (NYSE:APD)

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