Air Products & Chemicals, Inc. Forecasted to Earn Q1 2020 Earnings of $2.11 Per Share (NYSE:APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Research analysts at Jefferies Financial Group decreased their Q1 2020 earnings per share (EPS) estimates for shares of Air Products & Chemicals in a note issued to investors on Monday, November 4th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will earn $2.11 per share for the quarter, down from their previous forecast of $2.35. Jefferies Financial Group also issued estimates for Air Products & Chemicals’ Q4 2020 earnings at $2.62 EPS, FY2020 earnings at $9.70 EPS, FY2022 earnings at $12.20 EPS, FY2023 earnings at $13.50 EPS and FY2024 earnings at $14.95 EPS.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Air Products & Chemicals from $235.00 to $252.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Citigroup set a $260.00 price target on shares of Air Products & Chemicals and gave the company a “buy” rating in a research note on Monday, July 15th. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. UBS Group decreased their price target on shares of Air Products & Chemicals from $242.00 to $232.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Barclays upped their price target on shares of Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Air Products & Chemicals presently has an average rating of “Hold” and a consensus target price of $237.93.

Air Products & Chemicals stock opened at $218.85 on Tuesday. The company has a market cap of $47.06 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.88 and a beta of 0.84. The firm’s fifty day moving average is $215.96 and its 200 day moving average is $217.91. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. Air Products & Chemicals has a 52-week low of $149.64 and a 52-week high of $232.47.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in 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 acquiring an additional 411,472 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Air Products & Chemicals by 2.8% in the second quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock worth $3,809,950,000 after purchasing an additional 454,016 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Air Products & Chemicals by 1.7% in the second quarter. Wells Fargo & Company MN now owns 4,009,741 shares of the basic materials company’s stock worth $907,685,000 after purchasing an additional 66,225 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Air Products & Chemicals by 0.3% in the second quarter. Northern Trust Corp now owns 3,271,182 shares of the basic materials company’s stock worth $740,498,000 after purchasing an additional 9,084 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Air Products & Chemicals by 2.6% in the second quarter. Invesco Ltd. now owns 2,107,983 shares of the basic materials company’s stock worth $477,183,000 after purchasing an additional 54,289 shares during the last quarter. Institutional investors and hedge funds own 85.26% of the company’s stock.

Air Products & Chemicals Company Profile

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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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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