Air Products and Chemicals (NYSE:APD) Given New $290.00 Price Target at Deutsche Bank Aktiengesellschaft

Air Products and Chemicals (NYSE:APDGet Rating) had its price target increased by Deutsche Bank Aktiengesellschaft from $275.00 to $290.00 in a report published on Friday, The Fly reports. The firm currently has a buy rating on the basic materials company’s stock.

Several other brokerages have also issued reports on APD. Cowen lowered their target price on Air Products and Chemicals from $345.00 to $305.00 and set an outperform rating for the company in a research report on Tuesday, July 19th. Barclays lowered their price objective on Air Products and Chemicals from $300.00 to $275.00 in a research report on Monday, May 9th. Mizuho lowered their price objective on Air Products and Chemicals from $312.00 to $286.00 and set a buy rating for the company in a research report on Thursday, July 7th. Credit Suisse Group lowered their price objective on Air Products and Chemicals from $302.00 to $290.00 and set an outperform rating for the company in a research report on Friday, May 20th. Finally, Atlantic Securities raised Air Products and Chemicals from a neutral rating to an overweight rating and lifted their price objective for the stock from $280.00 to $290.00 in a research report on Wednesday, May 25th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of Moderate Buy and a consensus price target of $289.87.

Air Products and Chemicals Stock Up 1.9 %

Shares of APD opened at $262.64 on Friday. Air Products and Chemicals has a 52 week low of $216.24 and a 52 week high of $316.39. The stock has a market capitalization of $58.25 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.79 and a current ratio of 1.87. The stock has a fifty day moving average of $241.57 and a 200-day moving average of $244.03.

Air Products and Chemicals (NYSE:APDGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The basic materials company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Air Products and Chemicals had a return on equity of 15.61% and a net margin of 19.08%. Air Products and Chemicals’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. As a group, sell-side analysts anticipate that Air Products and Chemicals will post 10.25 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 2.47%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.16%.

Hedge Funds Weigh In On Air Products and Chemicals

A number of hedge funds have recently added to or reduced their stakes in the stock. Rational Advisors LLC boosted its stake in shares of Air Products and Chemicals by 126.3% in the 4th quarter. Rational Advisors LLC now owns 86 shares of the basic materials company’s stock worth $26,000 after buying an additional 48 shares during the last quarter. Sierra Capital LLC boosted its stake in shares of Air Products and Chemicals by 1,060.0% in the 2nd quarter. Sierra Capital LLC now owns 116 shares of the basic materials company’s stock worth $28,000 after buying an additional 106 shares during the last quarter. SJS Investment Consulting Inc. purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth approximately $30,000. Rise Advisors LLC raised its holdings in shares of Air Products and Chemicals by 57.7% in the 1st quarter. Rise Advisors LLC now owns 123 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 45 shares during the period. Finally, Emerald Advisers LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.62% of the company’s stock.

Air Products and Chemicals Company Profile

(Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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 refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

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