Air Products and Chemicals (NYSE:APD) PT Lowered to $272.00 at Deutsche Bank Aktiengesellschaft

Air Products and Chemicals (NYSE:APDGet Rating) had its target price lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $300.00 to $272.00 in a research report issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 16.63% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Mizuho cut their price target on Air Products and Chemicals from $313.00 to $312.00 and set a “buy” rating on the stock in a report on Monday, February 7th. JPMorgan Chase & Co. raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and set a $275.00 price target for the company in a research report on Monday, March 21st. StockNews.com began coverage on Air Products and Chemicals in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the company from $337.00 to $285.00 in a research report on Monday, February 7th. Finally, Cowen reduced their target price on shares of Air Products and Chemicals from $365.00 to $345.00 in a research report on Monday, February 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Buy” and a consensus price target of $308.20.

Shares of NYSE APD opened at $233.22 on Tuesday. The stock has a market capitalization of $51.71 billion, a PE ratio of 23.23, a P/E/G ratio of 1.93 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.95 and a quick ratio of 2.28. The business has a fifty day moving average price of $239.35 and a two-hundred day moving average price of $269.44. Air Products and Chemicals has a fifty-two week low of $216.24 and a fifty-two week high of $316.39.

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

A number of institutional investors and hedge funds have recently bought and sold shares of APD. Rational Advisors LLC boosted its holdings in Air Products and Chemicals by 126.3% in the fourth quarter. Rational Advisors LLC now owns 86 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 48 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in Air Products and Chemicals during the third quarter valued at $28,000. Arlington Partners LLC acquired a new stake in Air Products and Chemicals during the fourth quarter valued at $28,000. Northwest Investment Counselors LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $30,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at about $30,000. Institutional investors own 80.62% of the company’s stock.

Air Products and Chemicals Company Profile (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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