Air Products and Chemicals, Inc. (APD) Lifted to Buy at

upgraded shares of Air Products and Chemicals, Inc. (NYSE:APD) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat.com reports. currently has $140.00 target price on the basic materials company’s stock.

A number of other research analysts have also weighed in on APD. Credit Suisse Group reissued an outperform rating and set a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Deutsche Bank AG raised their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a hold rating in a research report on Wednesday, August 2nd. Barclays PLC reissued a buy rating and set a $170.00 price target on shares of Air Products and Chemicals in a research report on Friday, August 4th. Vertical Research raised shares of Air Products and Chemicals from a sell rating to a hold rating and set a $146.00 price target on the stock in a research report on Monday, August 7th. Finally, Argus raised their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $164.80.

Air Products and Chemicals (NYSE APD) traded down $1.29 during trading on Monday, hitting $160.86. 770,300 shares of the company’s stock were exchanged, compared to its average volume of 1,329,519. Air Products and Chemicals has a 12-month low of $133.63 and a 12-month high of $163.56. The company has a market capitalization of $35,060.00, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the firm earned $2.01 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts forecast that Air Products and Chemicals will post 7 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a yield of 2.36%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 73.64%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. increased its stake in shares of Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 7 shares in the last quarter. MAI Capital Management increased its stake in shares of Air Products and Chemicals by 0.5% in the second quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 9 shares in the last quarter. Ledyard National Bank increased its stake in shares of Air Products and Chemicals by 0.7% in the second quarter. Ledyard National Bank now owns 1,529 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 10 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Air Products and Chemicals by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,049 shares of the basic materials company’s stock worth $293,000 after purchasing an additional 11 shares in the last quarter. Finally, Davis Selected Advisers increased its stake in shares of Air Products and Chemicals by 0.6% in the second quarter. Davis Selected Advisers now owns 1,860 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

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)

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