Air Products and Chemicals (NYSE:APD) Given New $275.00 Price Target at Barclays

Air Products and Chemicals (NYSE:APDGet Rating) had its price target decreased by analysts at Barclays from $300.00 to $275.00 in a research report issued on Monday, The Fly reports. Barclays‘s target price indicates a potential upside of 16.61% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Air Products and Chemicals from $340.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, February 7th. Cowen lowered their price objective on Air Products and Chemicals from $365.00 to $345.00 in a research report on Monday, February 7th. BMO Capital Markets cut Air Products and Chemicals from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $383.00 to $280.00 in a research report on Tuesday, February 8th. StockNews.com initiated coverage on Air Products and Chemicals in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Mizuho lowered their price objective on Air Products and Chemicals from $313.00 to $312.00 and set a “buy” rating on the stock in a research report on Monday, February 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $310.07.

Air Products and Chemicals stock opened at $235.82 on Monday. The company has a quick ratio of 2.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $52.29 billion, a P/E ratio of 23.49, a PEG ratio of 1.93 and a beta of 0.87. The stock’s 50 day moving average is $239.30 and its 200 day moving average is $269.85. Air Products and Chemicals has a twelve month low of $216.24 and a twelve month high of $316.39.

Air Products and Chemicals (NYSE:APDGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3 billion. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.08 EPS. As a group, equities analysts expect that Air Products and Chemicals will post 10.24 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Mitchell & Pahl Private Wealth LLC raised its holdings in Air Products and Chemicals by 4.2% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 3,638 shares of the basic materials company’s stock worth $1,107,000 after purchasing an additional 148 shares during the period. JGP Wealth Management LLC raised its holdings in Air Products and Chemicals by 5.3% in the 4th quarter. JGP Wealth Management LLC now owns 35,442 shares of the basic materials company’s stock worth $10,783,000 after purchasing an additional 1,772 shares during the period. CFS Investment Advisory Services LLC bought a new position in Air Products and Chemicals in the 3rd quarter worth $1,893,000. Xponance Inc. raised its holdings in Air Products and Chemicals by 57.9% in the 4th quarter. Xponance Inc. now owns 42,630 shares of the basic materials company’s stock worth $12,971,000 after purchasing an additional 15,630 shares during the period. Finally, AE Wealth Management LLC raised its holdings in Air Products and Chemicals by 7.6% in the 4th quarter. AE Wealth Management LLC now owns 6,964 shares of the basic materials company’s stock worth $2,119,000 after purchasing an additional 489 shares during the period. 80.62% of the stock is currently owned by institutional investors.

About Air Products and Chemicals (Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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