Brokerages Set Air Products and Chemicals, Inc. (NYSE:APD) PT at $326.12

Shares of Air Products and Chemicals, Inc. (NYSE:APD) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $326.12.

A number of analysts have recently issued reports on APD shares. JPMorgan Chase & Co. increased their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a report on Friday, October 25th. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th.

Institutional Trading of Air Products and Chemicals

Several hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in Air Products and Chemicals by 2,250.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 135 shares during the period. Iron Horse Wealth Management LLC grew its position in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC increased its holdings in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Beacon Capital Management LLC raised its position in shares of Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after buying an additional 103 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $309.21 on Wednesday. The company’s fifty day moving average is $298.45 and its two-hundred day moving average is $274.23. The company has a market cap of $68.74 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $332.42. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Equities analysts expect that Air Products and Chemicals will post 12.31 earnings per share for the current fiscal year.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.