Air Products and Chemicals (NYSE:APD) Price Target Raised to $350.00 at BMO Capital Markets

Air Products and Chemicals (NYSE:APD) had its price objective hoisted by BMO Capital Markets from $323.00 to $350.00 in a research note released on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

APD has been the topic of a number of other reports. Citigroup raised their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, UBS Group raised their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $317.10 on Thursday. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $332.42. The company’s 50-day moving average is $305.56 and its two-hundred day moving average is $280.26. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a market cap of $70.50 billion, a PE ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Capital Research Global Investors grew its stake in shares of Air Products and Chemicals by 62.3% during the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after acquiring an additional 4,309,040 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Air Products and Chemicals by 29,954.1% in the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. National Bank of Canada FI grew its position in Air Products and Chemicals by 2,931.0% in the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after buying an additional 1,564,169 shares during the last quarter. Finally, ING Groep NV lifted its position in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

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.