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Air Products and Chemicals (NYSE:APD - Get Rating) had its price objective boosted by equities research analysts at Mizuho from $290.00 to $330.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the basic materials company's stock. Mizuho's target price would suggest a potential upside of 6.25% from the company's current price.
Other research analysts have also recently issued reports about the company. StockNews.com cut Air Products and Chemicals from a "buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets lifted their price target on Air Products and Chemicals from $339.00 to $390.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 22nd. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $252.00 to $280.00 and gave the company an "equal weight" rating in a research report on Friday, November 4th. JPMorgan Chase & Co. cut their target price on shares of Air Products and Chemicals from $295.00 to $290.00 in a report on Friday, November 4th. Finally, The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $295.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, November 9th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $313.79.Air Products and Chemicals Price Performance
Shares of APD traded down $2.17 during midday trading on Thursday, reaching $310.60. The stock had a trading volume of 8,631 shares, compared to its average volume of 1,065,007. The company has a current ratio of 1.81, a quick ratio of 1.66 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $68.91 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.83. The company's 50-day moving average is $305.62 and its 200 day moving average is $266.77. Air Products and Chemicals has a 12-month low of $216.24 and a 12-month high of $328.56.
Air Products and Chemicals (NYSE:APD - Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The basic materials company reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.12. The business had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.23 billion. Air Products and Chemicals had a net margin of 17.77% and a return on equity of 16.31%. The business's quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the business earned $2.51 earnings per share. On average, equities analysts predict that Air Products and Chemicals will post 11.38 EPS for the current fiscal year. Insider Buying and Selling at Air Products and Chemicals
In other news, VP Sean D. Major sold 485 shares of the company's stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $313.00, for a total value of $151,805.00. Following the sale, the vice president now directly owns 14,275 shares of the company's stock, valued at approximately $4,468,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock. Institutional Investors Weigh In On Air Products and Chemicals
Hedge funds have recently bought and sold shares of the business. Public Investment Fund lifted its holdings in shares of Air Products and Chemicals by 269.2% during the second quarter. Public Investment Fund now owns 2,685,331 shares of the basic materials company's stock valued at $645,768,000 after purchasing an additional 1,957,991 shares during the last quarter. Nordea Investment Management AB raised its stake in Air Products and Chemicals by 5,609.4% during the second quarter. Nordea Investment Management AB now owns 718,301 shares of the basic materials company's stock valued at $168,758,000 after buying an additional 705,720 shares during the last quarter. Credit Suisse AG boosted its holdings in Air Products and Chemicals by 89.5% in the second quarter. Credit Suisse AG now owns 1,382,411 shares of the basic materials company's stock worth $332,443,000 after acquiring an additional 652,949 shares in the last quarter. Invesco Ltd. grew its stake in shares of Air Products and Chemicals by 36.3% in the first quarter. Invesco Ltd. now owns 1,287,687 shares of the basic materials company's stock worth $321,806,000 after acquiring an additional 342,982 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of Air Products and Chemicals during the third quarter valued at $71,442,000. Institutional investors own 82.74% of the company's stock. About Air Products and Chemicals (Get Rating)
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; 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, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.See AlsoGet a free copy of the StockNews.com research report on Air Products and Chemicals (APD)Is The Great Alibaba Recovery About To Begin?KB Home, Another Reason To Shed Home Building Stocks Is Wendy’s Stock Uptrend Set To Continue?Altria Group Stock, Is Time is Running Out?Why Did the JinkoSolar Stock Price Rally 45%?
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