JPMorgan Chase & Co. upgraded shares of Air Products & Chemicals (NYSE:APD) from a neutral rating to an overweight rating in a report issued on Friday, MarketBeat.com reports.

A number of other research firms have also issued reports on APD. Seaport Global Securities reiterated a buy rating and issued a $185.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. Citigroup raised their target price on shares of Air Products & Chemicals from $172.30 to $185.00 and gave the company a buy rating in a research note on Friday, October 27th. Jefferies Group reiterated a buy rating and issued a $195.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. UBS Group raised their target price on shares of Air Products & Chemicals from $162.00 to $172.00 and gave the company a buy rating in a research note on Friday, October 27th. Finally, Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $158.00 to $173.00 and gave the company an outperform rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Air Products & Chemicals presently has an average rating of Buy and a consensus price target of $175.38.

Air Products & Chemicals (NYSE:APD) opened at $158.09 on Friday. Air Products & Chemicals has a 12 month low of $133.63 and a 12 month high of $175.17. The company has a market cap of $34,590.00, a price-to-earnings ratio of 33.49, a PEG ratio of 1.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.73 and a current ratio of 2.92.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.13. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the business posted $1.47 EPS. Air Products & Chemicals’s quarterly revenue was up 17.7% on a year-over-year basis. research analysts forecast that Air Products & Chemicals will post 7.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 2nd will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. This represents a $4.40 dividend on an annualized basis and a yield of 2.78%. Air Products & Chemicals’s dividend payout ratio is 80.51%.

A number of institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its holdings in Air Products & Chemicals by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,044 shares of the basic materials company’s stock valued at $1,293,000 after purchasing an additional 120 shares during the period. First National Trust Co boosted its holdings in Air Products & Chemicals by 23.3% in the 4th quarter. First National Trust Co now owns 1,637 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 309 shares during the period. Welch & Forbes LLC boosted its holdings in Air Products & Chemicals by 0.6% in the 3rd quarter. Welch & Forbes LLC now owns 52,871 shares of the basic materials company’s stock valued at $7,996,000 after purchasing an additional 316 shares during the period. Whittier Trust Co. boosted its holdings in Air Products & Chemicals by 7.2% in the 4th quarter. Whittier Trust Co. now owns 4,758 shares of the basic materials company’s stock valued at $780,000 after purchasing an additional 320 shares during the period. Finally, Advisor Partners LLC boosted its holdings in Air Products & Chemicals by 6.7% in the 4th quarter. Advisor Partners LLC now owns 5,174 shares of the basic materials company’s stock valued at $868,000 after purchasing an additional 324 shares during the period. 88.01% of the stock is owned by hedge funds and other institutional investors.

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Air Products & 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 & Chemicals (NYSE:APD)

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