Mizuho Cuts Air Products and Chemicals (NYSE:APD) Price Target to $286.00

Air Products and Chemicals (NYSE:APD) had its price target reduced by Mizuho from $295.00 to $286.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Several other brokerages also recently weighed in on APD. Citigroup raised their price target on Air Products and Chemicals from $260.00 to $285.00 and gave the stock a buy rating in a report on Wednesday, April 10th. TheStreet downgraded shares of Air Products and Chemicals from a b rating to a c+ rating in a research report on Monday, February 5th. Barclays decreased their price target on shares of Air Products and Chemicals from $260.00 to $245.00 and set an equal weight rating for the company in a report on Tuesday, February 6th. StockNews.com raised shares of Air Products and Chemicals from a sell rating to a hold rating in a report on Monday, April 22nd. Finally, TD Cowen cut their target price on Air Products and Chemicals from $345.00 to $305.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of Hold and an average price target of $277.43.

Air Products and Chemicals Stock Up 0.9 %

NYSE:APD opened at $245.87 on Wednesday. The company’s 50-day simple moving average is $237.96 and its 200-day simple moving average is $254.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The stock has a market capitalization of $54.66 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.62 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The company 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%. Air Products and Chemicals’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $2.74 earnings per share. On average, equities analysts anticipate that Air Products and Chemicals will post 12.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Products and Chemicals

Several hedge funds have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Sachetta LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Security National Bank acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About Air Products and Chemicals

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.