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Air Products and Chemicals (NYSE:APD - Get Rating) had its target price dropped by Citigroup from $272.00 to $251.00 in a research note issued to investors on Tuesday, The Fly reports. Citigroup's price objective points to a potential upside of 5.32% from the company's previous close.
Other analysts also recently issued reports about the stock. Bank of America dropped their target price on shares of Air Products and Chemicals from $272.00 to $271.00 and set a "neutral" rating on the stock in a report on Wednesday, July 13th. Cowen reduced their price objective on shares of Air Products and Chemicals from $345.00 to $305.00 in a research report on Tuesday, July 19th. UBS Group reduced their price objective on shares of Air Products and Chemicals from $321.00 to $295.00 in a research report on Wednesday, July 13th. Wells Fargo & Company dropped their target price on Air Products and Chemicals from $255.00 to $243.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. Finally, BMO Capital Markets raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $283.00 to $321.00 in a research note on Monday, August 15th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $291.25.Air Products and Chemicals Price Performance
NYSE APD opened at $238.33 on Tuesday. The company has a market cap of $52.86 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.59 and a beta of 0.80. Air Products and Chemicals has a 1 year low of $216.24 and a 1 year high of $316.39. The company has a fifty day simple moving average of $252.20 and a 200 day simple moving average of $245.15. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.48.
Air Products and Chemicals (NYSE:APD - Get Rating) last posted its earnings results on Thursday, August 4th. The basic materials company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.01. Air Products and Chemicals had a net margin of 19.08% and a return on equity of 15.61%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The firm's quarterly revenue was up 22.4% compared to the same quarter last year. On average, sell-side analysts predict that Air Products and Chemicals will post 10.29 EPS for the current year. Hedge Funds Weigh In On Air Products and Chemicals
Institutional investors and hedge funds have recently modified their holdings of the business. Sierra Capital LLC raised its position in Air Products and Chemicals by 1,060.0% in the 2nd quarter. Sierra Capital LLC now owns 116 shares of the basic materials company's stock valued at $28,000 after buying an additional 106 shares during the last quarter. SJS Investment Consulting Inc. purchased a new stake in Air Products and Chemicals in the 1st quarter valued at $30,000. Rise Advisors LLC raised its position in Air Products and Chemicals by 57.7% in the 1st quarter. Rise Advisors LLC now owns 123 shares of the basic materials company's stock valued at $31,000 after buying an additional 45 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in Air Products and Chemicals in the 2nd quarter valued at $33,000. Finally, Rational Advisors LLC raised its position in Air Products and Chemicals by 68.6% in the 1st quarter. Rational Advisors LLC now owns 145 shares of the basic materials company's stock valued at $36,000 after buying an additional 59 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors. Air Products and Chemicals Company Profile (Get Rating)
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.Further ReadingGet a free copy of the StockNews.com research report on Air Products and Chemicals (APD)Tyson Foods Takes a Lickin’ and Keeps on Tickin’ LowerSmall-Cap Catalyst Pharma Is Among Market's Best Price Performers3 Stocks Growing Their Businesses for 2023China-Based EV Maker BYD Set For Big European, Japanese ExpansionIs Illumina Still the Gamechanger in Genomics Sequencing?
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