Air Products and Chemicals, Inc. (NYSE:APD) Receives $287.29 Consensus Price Target from Analysts

Air Products and Chemicals, Inc. (NYSE:APD) has earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $287.29.

A number of equities research analysts have recently issued reports on APD shares. Bank of America upped their target price on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Citigroup cut their price objective on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. TD Cowen lifted their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft upped their price target on Air Products and Chemicals from $260.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Barclays lifted their price objective on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th.

Institutional Investors Weigh In On Air Products and Chemicals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cape Cod Five Cents Savings Bank bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth $376,000. Eos Management L.P. lifted its holdings in Air Products and Chemicals by 26.2% in the 4th quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock valued at $7,545,000 after acquiring an additional 5,727 shares during the last quarter. Roffman Miller Associates Inc. PA boosted its position in shares of Air Products and Chemicals by 3.6% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock valued at $17,850,000 after purchasing an additional 2,285 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $1,177,000. Finally, Zenyatta Capital Management LP raised its holdings in shares of Air Products and Chemicals by 46.7% in the 4th quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after purchasing an additional 7,000 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Down 4.2 %

NYSE:APD opened at $247.18 on Thursday. The stock has a market cap of $54.95 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. Air Products and Chemicals has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The business’s 50-day simple moving average is $259.73 and its 200 day simple moving average is $251.71.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.74 EPS. As a group, sell-side analysts predict that Air Products and Chemicals will post 12.3 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.86%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

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.