Air Products and Chemicals (NYSE:APD) Price Target Increased to $310.00 by Analysts at Deutsche Bank Aktiengesellschaft

Air Products and Chemicals (NYSE:APDFree Report) had its price target increased by Deutsche Bank Aktiengesellschaft from $260.00 to $310.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research initiated coverage on shares of Air Products and Chemicals in a research note on Friday, March 1st. They issued an outperform rating and a $279.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Air Products and Chemicals from $270.00 to $260.00 and set an overweight rating for the company in a report on Wednesday, May 1st. Barclays increased 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 research note on Monday. Morgan Stanley lifted their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an equal weight rating in a research report on Wednesday, June 5th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a sell rating to a hold rating in a research note on Wednesday, June 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $287.29.

Check Out Our Latest Stock Analysis on Air Products and Chemicals

Air Products and Chemicals Stock Performance

NYSE:APD opened at $285.31 on Monday. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $307.71. The firm’s fifty day simple moving average is $251.88 and its 200 day simple moving average is $251.72. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $63.43 billion, a PE ratio of 25.75, a PEG ratio of 3.06 and a beta of 0.84.

Air Products and Chemicals (NYSE:APDGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm earned $2.74 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Air Products and Chemicals will post 12.3 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a $1.77 dividend. 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 2.48%. Air Products and Chemicals’s payout ratio is currently 63.90%.

Institutional Investors Weigh In On Air Products and Chemicals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APD. Creative Financial Designs Inc. ADV increased its holdings in shares of Air Products and Chemicals by 1.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock valued at $996,000 after buying an additional 38 shares in the last quarter. Venture Visionary Partners LLC increased its holdings in shares of Air Products and Chemicals by 1.5% in the fourth quarter. Venture Visionary Partners LLC now owns 2,907 shares of the basic materials company’s stock valued at $796,000 after buying an additional 43 shares in the last quarter. Applied Capital LLC FL increased its holdings in shares of Air Products and Chemicals by 2.0% in the fourth quarter. Applied Capital LLC FL now owns 2,223 shares of the basic materials company’s stock valued at $609,000 after buying an additional 43 shares in the last quarter. 1ST Source Bank increased its holdings in shares of Air Products and Chemicals by 0.5% in the third quarter. 1ST Source Bank now owns 9,311 shares of the basic materials company’s stock valued at $2,639,000 after buying an additional 44 shares in the last quarter. Finally, Mycio Wealth Partners LLC increased its holdings in shares of Air Products and Chemicals by 0.6% in the fourth quarter. Mycio Wealth Partners LLC now owns 7,044 shares of the basic materials company’s stock valued at $1,929,000 after buying an additional 44 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

About Air Products and Chemicals

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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.

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

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