Air Products and Chemicals, Inc. (APD) PT Raised to $173.00

Air Products and Chemicals, Inc. (NYSE:APD) had its price target lifted by Credit Suisse Group from $158.00 to $173.00 in a research note published on Friday, October 27th. Credit Suisse Group currently has an outperform rating on the basic materials company’s stock.

Other research analysts have also recently issued reports about the company. SunTrust Banks, Inc. reaffirmed a buy rating and set a $175.00 price objective on shares of Air Products and Chemicals in a research note on Friday, October 27th. Citigroup Inc. raised their target price on Air Products and Chemicals from $172.30 to $185.00 and gave the stock a buy rating in a research note on Friday, October 27th. Barclays PLC reissued a buy rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. KeyCorp reissued a buy rating and issued a $161.00 target price on shares of Air Products and Chemicals in a research note on Friday, September 8th. Finally, Argus raised their target price on Air Products and Chemicals from $159.00 to $165.00 and gave the stock a buy rating in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Air Products and Chemicals has a consensus rating of Hold and a consensus price target of $164.13.

Shares of Air Products and Chemicals (NYSE:APD) opened at $160.30 on Friday. 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 has a 12-month low of $133.63 and a 12-month high of $162.86. The stock has a market capitalization of $34,938.51, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.89 and a beta of 1.24.

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

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Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Air Products and Chemicals by 1,973.1% in the 1st quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after purchasing an additional 13,466,808 shares during the period. Janus Henderson Group PLC grew its position in shares of Air Products and Chemicals by 8,260.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after acquiring an additional 2,687,657 shares during the period. Findlay Park Partners LLP bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at $362,928,000. First Eagle Investment Management LLC grew its position in shares of Air Products and Chemicals by 80.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,313,812 shares of the basic materials company’s stock valued at $349,895,000 after acquiring an additional 1,029,451 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Air Products and Chemicals by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after acquiring an additional 887,369 shares during the period. 87.32% of the stock is owned by institutional investors.

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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