Air Products and Chemicals (NYSE:APD) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Air Products and Chemicals (NYSE:APDFree Report) from a sell rating to a hold rating in a report released on Friday morning.

A number of other research firms also recently weighed in on APD. Citigroup cut their price target 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. Wolfe Research began coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an outperform rating and a $279.00 target price for the company. TD Cowen increased their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on 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. Finally, BMO Capital Markets increased their target price on Air Products and Chemicals from $276.00 to $294.00 and gave the stock an outperform rating in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $287.29.

Check Out Our Latest Research Report on Air Products and Chemicals

Air Products and Chemicals Stock Up 0.3 %

NYSE:APD opened at $272.91 on Friday. The stock’s fifty day moving average price is $256.33 and its two-hundred day moving average price is $251.74. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week 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 company has a market cap of $60.67 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.95 and a beta of 0.84.

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

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s payout ratio is currently 63.90%.

Hedge Funds Weigh In On Air Products and Chemicals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth approximately $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals during the fourth quarter worth approximately $27,000. Sachetta LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth approximately $27,000. Security National Bank acquired a new stake in Air Products and Chemicals during the fourth quarter worth approximately $27,000. Finally, Thompson Investment Management Inc. acquired a new stake in Air Products and Chemicals during the first quarter worth approximately $27,000. 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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