Air Products and Chemicals (NYSE:APD) Given New $350.00 Price Target at BMO Capital Markets

Air Products and Chemicals (NYSE:APD) had its price target hoisted by BMO Capital Markets from $323.00 to $350.00 in a research report released on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

Several other research analysts have also recently weighed in on APD. UBS Group upped their price target on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $305.00 to $365.00 in a report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Price Performance

APD stock traded up $0.29 during trading on Thursday, hitting $316.17. 492,906 shares of the stock traded hands, compared to its average volume of 1,607,257. Air Products and Chemicals has a one year low of $212.24 and a one year high of $332.42. The stock has a market cap of $70.29 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 3.14 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $304.59 and a 200 day simple moving average of $279.11.

Institutional Trading of Air Products and Chemicals

Several institutional investors have recently added to or reduced their stakes in APD. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC grew its position in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC grew its position in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter valued at about $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.