Air Products & Chemicals (NYSE:APD) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $8.05-8.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.21. Air Products & Chemicals also updated its FY 2019 guidance to $8.05-8.30 EPS.
APD has been the topic of several analyst reports. BMO Capital Markets reissued a buy rating and issued a $197.00 target price (up previously from $195.00) on shares of Air Products & Chemicals in a research note on Friday, July 27th. Zacks Investment Research lowered Air Products & Chemicals from a hold rating to a sell rating in a research note on Wednesday, July 18th. Citigroup increased their target price on Air Products & Chemicals from $198.00 to $200.00 and gave the company a buy rating in a research note on Wednesday, July 11th. Susquehanna Bancshares increased their target price on Air Products & Chemicals from $200.00 to $215.00 and gave the company a positive rating in a research note on Wednesday, August 1st. Finally, Deutsche Bank increased their target price on Air Products & Chemicals from $190.00 to $192.00 and gave the company a buy rating in a research note on Tuesday, August 14th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $188.07.
Shares of NYSE:APD traded down $4.42 during mid-day trading on Tuesday, reaching $152.95. 300,202 shares of the stock were exchanged, compared to its average volume of 1,292,717. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.40. The company has a market cap of $34.17 billion, a PE ratio of 24.24, a PEG ratio of 1.43 and a beta of 1.08. Air Products & Chemicals has a one year low of $148.44 and a one year high of $175.17.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. Air Products & Chemicals’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $1.76 earnings per share. On average, research analysts predict that Air Products & Chemicals will post 7.45 earnings per share for the current fiscal year.
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Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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