Air Products and Chemicals, Inc. (NYSE:APD) had its price objective upped by research analysts at Argus from $159.00 to $165.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Argus’ price objective suggests a potential upside of 13.01% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on APD. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $148.00 to $160.00 in a research report on Monday, May 1st. Zacks Investment Research cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $153.23.

Shares of Air Products and Chemicals (NYSE:APD) opened at 146.01 on Monday. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $150.45. The company has a 50-day moving average price of $145.45 and a 200-day moving average price of $142.15. The company has a market capitalization of $31.82 billion, a price-to-earnings ratio of 10.97 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Air Products and Chemicals will post $6.23 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in APD. Guardian Life Insurance Co. of America increased its stake in Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares during the period. Sullivan Bruyette Speros & Blaney LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock valued at $239,000 after buying an additional 7 shares during the period. Fort Pitt Capital Group LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after buying an additional 7 shares during the period. Oakworth Capital Inc. increased its stake in Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after buying an additional 7 shares during the period. Finally, Compton Capital Management Inc. RI increased its stake in Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock valued at $230,000 after buying an additional 8 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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