Air Products and Chemicals, Inc. (APD) Upgraded to Buy at

upgraded shares of Air Products and Chemicals, Inc. (NYSE:APD) from a hold rating to a buy rating in a research report sent to investors on Monday morning. They currently have $140.00 target price on the basic materials company’s stock.

Several other research firms have also recently weighed in on APD. Jefferies Group LLC reaffirmed a hold rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Citigroup Inc. upped their price objective on Air Products and Chemicals from $172.30 to $185.00 and gave the stock a buy rating in a research report on Friday, October 27th. UBS AG upped their price objective on Air Products and Chemicals from $162.00 to $172.00 and gave the stock a buy rating in a research report on Friday, October 27th. Credit Suisse Group AG reaffirmed an outperform rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed a buy rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Air Products and Chemicals presently has an average rating of Buy and a consensus target price of $164.80.

Air Products and Chemicals (NYSE APD) traded up $2.46 during trading hours on Monday, reaching $162.76. The company’s stock had a trading volume of 1,935,100 shares, compared to its average volume of 1,332,517. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $34,938.57, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. Air Products and Chemicals has a 1 year low of $133.63 and a 1 year high of $163.56.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. Air Products and Chemicals’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 earnings per share. equities analysts expect that Air Products and Chemicals will post 7 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.33%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 27.82%.

Large investors have recently added to or reduced their stakes in the business. Patten Group Inc. raised its stake in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares during the period. IMS Capital Management bought a new stake in Air Products and Chemicals in the second quarter valued at approximately $129,000. Armbruster Capital Management Inc. raised its stake in Air Products and Chemicals by 13.5% in the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after buying an additional 108 shares during the period. Hanson & Doremus Investment Management raised its stake in Air Products and Chemicals by 8.8% in the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after buying an additional 75 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Air Products and Chemicals by 25.9% in the second quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock valued at $145,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 88.58% of the company’s stock.

About Air Products and Chemicals

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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