Analysts Set Air Products and Chemicals, Inc. (APD) Price Target at $157.15

Shares of Air Products and Chemicals, Inc. (NYSE:APD) have earned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $157.15.

A number of brokerages have recently commented on APD. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $165.00 to $175.00 in a research report on Thursday, September 14th. UBS AG raised Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Vertical Research reissued a “hold” rating and issued a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Finally, KeyCorp reissued a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th.

ILLEGAL ACTIVITY WARNING: “Analysts Set Air Products and Chemicals, Inc. (APD) Price Target at $157.15” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/16/analysts-set-air-products-and-chemicals-inc-apd-price-target-at-157-15.html.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Air Products and Chemicals by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after buying an additional 604,454 shares during the last quarter. BlackRock Inc. raised its stake in Air Products and Chemicals by 8.0% during the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after buying an additional 1,131,879 shares during the last quarter. State Street Corp raised its stake in Air Products and Chemicals by 2.8% during the 2nd quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after buying an additional 291,150 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Air Products and Chemicals by 6.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Air Products and Chemicals by 13.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock valued at $506,589,000 after buying an additional 419,593 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals (NYSE:APD) traded down 0.65% during mid-day trading on Wednesday, hitting $152.46. The stock had a trading volume of 163,876 shares. The stock’s 50-day moving average price is $149.84 and its 200-day moving average price is $144.83. The firm has a market cap of $33.23 billion, a PE ratio of 11.45 and a beta of 1.26. Air Products and Chemicals has a 52-week low of $129.00 and a 52-week high of $154.41.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Air Products and Chemicals will post $6.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a yiel

A number of brokerages have recently commented on APD. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $165.00 to $175.00 in a research report on Thursday, September 14th. UBS AG raised Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Vertical Research reissued a “hold” rating and issued a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Finally, KeyCorp reissued a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th.

ILLEGAL ACTIVITY WARNING: “Analysts Set Air Products and Chemicals, Inc. (APD) Price Target at $157.15” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/16/analysts-set-air-products-and-chemicals-inc-apd-price-target-at-157-15.html.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Air Products and Chemicals by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after buying an additional 604,454 shares during the last quarter. BlackRock Inc. raised its stake in Air Products and Chemicals by 8.0% during the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after buying an additional 1,131,879 shares during the last quarter. State Street Corp raised its stake in Air Products and Chemicals by 2.8% during the 2nd quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after buying an additional 291,150 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Air Products and Chemicals by 6.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Air Products and Chemicals by 13.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock valued at $506,589,000 after buying an additional 419,593 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals (NYSE:APD) traded down 0.65% during mid-day trading on Wednesday, hitting $152.46. The stock had a trading volume of 163,876 shares. The stock’s 50-day moving average price is $149.84 and its 200-day moving average price is $144.83. The firm has a market cap of $33.23 billion, a PE ratio of 11.45 and a beta of 1.26. Air Products and Chemicals has a 52-week low of $129.00 and a 52-week high of $154.41.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Air Products and Chemicals will post $6.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.48%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

About Air Products and Chemicals

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)

Receive News & Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply