Air Products & Chemicals (NYSE:APD) had its target price increased by Deutsche Bank from $250.00 to $260.00 in a report released on Friday morning, The Fly reports. Deutsche Bank currently has a buy rating on the basic materials company’s stock. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley raised their price objective on Air Products & Chemicals from $168.00 to $230.00 and gave the company an equal weight rating in a research note on Monday, August 12th. Citigroup set a $260.00 price objective on Air Products & Chemicals and gave the company a buy rating in a research note on Monday, July 15th. Sanford C. Bernstein cut Air Products & Chemicals from an outperform rating to a market perform rating and set a $225.00 price objective for the company. in a research note on Thursday, July 18th. Wells Fargo & Co started coverage on Air Products & Chemicals in a research note on Tuesday, October 15th. They issued a market perform rating and a $240.00 price objective for the company. Finally, ValuEngine cut Air Products & Chemicals from a buy rating to a hold rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Air Products & Chemicals currently has an average rating of Hold and an average target price of $240.13.

Air Products & Chemicals stock traded up $6.29 during mid-day trading on Friday, reaching $233.87. The stock had a trading volume of 1,800,237 shares, compared to its average volume of 1,085,902. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. Air Products & Chemicals has a fifty-two week low of $149.64 and a fifty-two week high of $234.61. The stock’s 50-day simple moving average is $216.25 and its 200-day simple moving average is $218.23. The firm has a market capitalization of $47.72 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $2.00 EPS. The company’s revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Air Products & Chemicals will post 8.24 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in APD. Nuveen Asset Management LLC boosted its position in shares of Air Products & Chemicals by 19,995.0% during the second quarter. Nuveen Asset Management LLC now owns 1,127,733 shares of the basic materials company’s stock valued at $255,285,000 after buying an additional 1,122,121 shares during the last quarter. BlackRock Inc. boosted its position in shares of Air Products & Chemicals by 2.8% during the second quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock valued at $3,809,950,000 after buying an additional 454,016 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Air Products & Chemicals by 2.1% during the second quarter. Vanguard Group Inc. now owns 19,674,476 shares of the basic materials company’s stock valued at $4,453,711,000 after buying an additional 411,472 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Air Products & Chemicals by 18.6% during the second quarter. Bahl & Gaynor Inc. now owns 1,557,160 shares of the basic materials company’s stock valued at $352,494,000 after buying an additional 244,100 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Air Products & Chemicals by 71.7% during the second quarter. First Trust Advisors LP now owns 527,192 shares of the basic materials company’s stock valued at $119,340,000 after buying an additional 220,088 shares during the last quarter. 85.26% of the stock is currently owned by institutional investors.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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The Fly

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

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