FY2021 Earnings Estimate for Air Products & Chemicals, Inc. Issued By Jefferies Financial Group (NYSE:APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Investment analysts at Jefferies Financial Group lowered their FY2021 EPS estimates for Air Products & Chemicals in a research note issued on Monday, November 4th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings of $10.70 per share for the year, down from their previous forecast of $11.90.

Other equities research analysts also recently issued research reports about the stock. Seaport Global Securities downgraded shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. They noted that the move was a valuation call. Citigroup set a $260.00 target price on shares of Air Products & Chemicals and gave the company a “buy” rating in a research note on Monday, July 15th. Zacks Investment Research raised shares of Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research note on Thursday, October 31st. HSBC downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the company from $217.00 to $215.00 in a research note on Thursday, August 1st. Finally, Wells Fargo & Co started coverage on shares of Air Products & Chemicals in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $240.00 target price on the stock. 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 has an average rating of “Hold” and a consensus price target of $237.93.

Shares of APD opened at $218.85 on Wednesday. Air Products & Chemicals has a twelve month low of $149.64 and a twelve month high of $232.47. The company has a market cap of $47.25 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.89 and a beta of 0.84. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $215.96 and its 200-day simple moving average is $217.91.

A number of hedge funds have recently bought and sold shares of APD. Bailard Inc. grew its holdings in Air Products & Chemicals by 2.0% during the 2nd quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after acquiring an additional 45 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in Air Products & Chemicals by 2.3% during the 3rd quarter. First Allied Advisory Services Inc. now owns 2,010 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 46 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC grew its holdings in Air Products & Chemicals by 3.2% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 48 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in Air Products & Chemicals by 1.7% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 2,945 shares of the basic materials company’s stock worth $653,000 after acquiring an additional 48 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Air Products & Chemicals by 1.6% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,090 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 50 shares in 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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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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