Air Products and Chemicals, Inc. (NYSE:APD) Receives Consensus Recommendation of “Buy” from Analysts

Air Products and Chemicals, Inc. (NYSE:APDGet Rating) has been assigned a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $304.86.

A number of research firms have commented on APD. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the company from $337.00 to $285.00 in a report on Monday, February 7th. Barclays lowered their price objective on shares of Air Products and Chemicals from $300.00 to $275.00 in a research report on Monday, May 9th. JPMorgan Chase & Co. raised shares of 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. Cowen decreased their price objective on shares of Air Products and Chemicals from $365.00 to $345.00 in a research report on Monday, February 7th. Finally, StockNews.com initiated coverage on shares of Air Products and Chemicals in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Hedge funds have recently added to or reduced their stakes in the business. Rational Advisors LLC raised its holdings in shares of Air Products and Chemicals by 126.3% in the 4th quarter. Rational Advisors LLC now owns 86 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 48 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in Air Products and Chemicals during the third quarter valued at approximately $28,000. Arlington Partners LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $28,000. Northwest Investment Counselors LLC bought a new stake in Air Products and Chemicals in the fourth quarter worth approximately $30,000. Finally, SJS Investment Consulting Inc. bought a new stake in Air Products and Chemicals in the first quarter worth approximately $30,000. Institutional investors own 80.62% of the company’s stock.

NYSE APD opened at $233.71 on Friday. Air Products and Chemicals has a 1 year low of $216.24 and a 1 year high of $316.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.95 and a quick ratio of 1.79. The company has a market cap of $51.83 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.74 and a beta of 0.87. The stock’s fifty day moving average price is $239.63 and its 200 day moving average price is $268.07.

Air Products and Chemicals (NYSE:APDGet Rating) last posted its earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3 billion. Air Products and Chemicals had a net margin of 19.63% and a return on equity of 15.32%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 EPS. Research analysts expect that Air Products and Chemicals will post 10.27 earnings per share for the current year.

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

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