Air Products and Chemicals (NYSE:APD) PT Lowered to $280.00 at Citigroup

Air Products and Chemicals (NYSE:APD) had its target price lowered by Citigroup from $285.00 to $280.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Several other brokerages also recently commented on APD. TD Cowen lowered their target price on Air Products and Chemicals from $345.00 to $305.00 and set an outperform rating for the company in a research note on Friday, February 16th. Wells Fargo & Company downgraded shares of Air Products and Chemicals from an overweight rating to an equal weight rating in a research note on Monday, February 5th. Argus cut shares of Air Products and Chemicals from a buy rating to a hold rating in a research note on Monday, February 26th. TheStreet downgraded shares of Air Products and Chemicals from a b rating to a c+ rating in a report on Monday, February 5th. Finally, Mizuho cut their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a buy rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of Hold and a consensus price target of $277.43.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $245.87 on Wednesday. The firm has a 50 day moving average of $237.96 and a 200-day moving average of $254.47. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $54.66 billion, a PE ratio of 22.19, a PEG ratio of 2.62 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.74 earnings per share. On average, equities research analysts predict that Air Products and Chemicals will post 12.34 EPS for the current fiscal year.

Institutional Trading of Air Products and Chemicals

A number of institutional investors have recently bought and sold shares of APD. Cape Cod Five Cents Savings Bank bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $376,000. Eos Management L.P. increased its stake in shares of Air Products and Chemicals by 26.2% in the 4th quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock valued at $7,545,000 after acquiring an additional 5,727 shares in the last quarter. Roffman Miller Associates Inc. PA lifted its position in shares of Air Products and Chemicals by 3.6% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock valued at $17,850,000 after acquiring an additional 2,285 shares during the period. BKM Wealth Management LLC bought a new position in Air Products and Chemicals during the fourth quarter worth $1,177,000. Finally, Bellwether Advisors LLC acquired a new stake in Air Products and Chemicals in the third quarter worth $501,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

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.