Air Products & Chemicals, Inc. (APD) Receives $191.09 Average Target Price from Brokerages

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Air Products & Chemicals, Inc. (NYSE:APD) has earned a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $189.33.

Several analysts recently issued reports on APD shares. Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a research note on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Tuesday, November 13th. BMO Capital Markets set a $200.00 price objective on Air Products & Chemicals and gave the stock a “buy” rating in a research note on Thursday, November 8th. ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, BNP Paribas assumed coverage on Air Products & Chemicals in a research note on Tuesday, October 2nd. They issued an “outperform” rating on the stock.

In related news, Chairman Seifi Ghasemi bought 20,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was purchased at an average price of $160.11 per share, for a total transaction of $3,202,200.00. Following the acquisition, the chairman now owns 408,652 shares in the company, valued at $65,429,271.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Matthew Goff Investment Advisor LLC purchased a new position in shares of Air Products & Chemicals in the 3rd quarter worth approximately $74,000. Honkamp Krueger Financial Services Inc. purchased a new position in Air Products & Chemicals during the 3rd quarter valued at $116,000. NuWave Investment Management LLC boosted its holdings in Air Products & Chemicals by 8,770.0% during the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 877 shares during the period. TLP Group LLC boosted its holdings in Air Products & Chemicals by 87.9% during the 3rd quarter. TLP Group LLC now owns 1,041 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 487 shares during the period. Finally, Douglass Winthrop Advisors LLC purchased a new position in Air Products & Chemicals during the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

APD traded down $0.71 on Friday, hitting $156.08. 9,484 shares of the company’s stock traded hands, compared to its average volume of 1,482,629. The company has a market capitalization of $35.48 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. Air Products & Chemicals has a one year low of $148.44 and a one year high of $175.17. The company has a current ratio of 2.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.76 EPS. Equities research analysts predict that Air Products & Chemicals will post 8.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, December 31st. Air Products & Chemicals’s payout ratio is 59.06%.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Analyst Recommendations for Air Products & Chemicals (NYSE:APD)

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