Air Products & Chemicals, Inc. (NYSE:APD) – Equities researchers at SunTrust Banks raised their Q1 2018 earnings estimates for shares of Air Products & Chemicals in a research report issued on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will post earnings per share of $1.67 for the quarter, up from their previous estimate of $1.61. SunTrust Banks currently has a “Buy” rating and a $185.00 target price on the stock. SunTrust Banks also issued estimates for Air Products & Chemicals’ Q2 2018 earnings at $1.64 EPS, Q3 2018 earnings at $1.81 EPS, Q4 2018 earnings at $1.91 EPS and FY2020 earnings at $8.54 EPS.
A number of other equities research analysts have also recently issued reports on APD. Jefferies Group reissued a “hold” rating and issued a $155.00 price target on shares of Air Products & Chemicals in a research note on Thursday, September 28th. Citigroup lifted their price target on Air Products & Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Barclays lifted their price target on Air Products & Chemicals from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Credit Suisse Group lifted their price target on Air Products & Chemicals from $158.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Susquehanna Bancshares lifted their price target on Air Products & Chemicals and gave the stock a “positive” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $166.79.
Air Products & Chemicals (NYSE APD) opened at $170.15 on Wednesday. Air Products & Chemicals has a 1 year low of $133.63 and a 1 year high of $170.53. The stock has a market cap of $37,192.36, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a net margin of 36.65% and a return on equity of 15.25%. Air Products & Chemicals’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $2.01 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 annualized dividend and a yield of 2.23%. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 27.82%.
A number of institutional investors and hedge funds have recently modified their holdings of APD. Beach Investment Management LLC. purchased a new stake in Air Products & Chemicals in the 2nd quarter valued at about $238,000. Global X Management Co. LLC raised its holdings in Air Products & Chemicals by 27.8% in the 2nd quarter. Global X Management Co. LLC now owns 1,666 shares of the basic materials company’s stock valued at $238,000 after buying an additional 362 shares during the period. State of Wisconsin Investment Board grew its position in Air Products & Chemicals by 52.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 211,023 shares of the basic materials company’s stock valued at $30,189,000 after acquiring an additional 72,800 shares in the last quarter. IMS Capital Management acquired a new position in Air Products & Chemicals in the 2nd quarter valued at about $129,000. Finally, Legal & General Group Plc grew its position in Air Products & Chemicals by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 1,048,112 shares of the basic materials company’s stock valued at $149,942,000 after acquiring an additional 30,453 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.
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About Air Products & 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.
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