Air Products and Chemicals, Inc. (NYSE:APD) had its target price boosted by Argus to $192.00 in a report published on Thursday morning, The Fly reports. They currently have 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 issued research reports about the company. Susquehanna Bancshares Inc upped their target price on Air Products and Chemicals and gave the company a positive rating in a research report on Tuesday, November 7th. UBS AG upped their target price on Air Products and Chemicals from $162.00 to $172.00 and gave the company a buy rating in a research report on Friday, October 27th. KeyCorp restated a buy rating and set a $161.00 target price on shares of Air Products and Chemicals in a research report on Friday, September 8th. Deutsche Bank AG upped their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a hold rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. upped their target price on Air Products and Chemicals from $172.30 to $185.00 and gave the company a buy rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Air Products and Chemicals currently has a consensus rating of Hold and a consensus target price of $164.13.

Shares of Air Products and Chemicals (NYSE APD) opened at $160.30 on Thursday. Air Products and Chemicals has a 52-week low of $133.63 and a 52-week high of $162.86. The company 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. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $2.01 EPS. The business’s revenue was up 13.2% on a year-over-year basis. equities research analysts expect that Air Products and Chemicals will post 7 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Patten Group Inc. raised its stake in Air Products and Chemicals by 3.7% during the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the period. IMS Capital Management acquired a new position in Air Products and Chemicals during the 2nd quarter worth approximately $129,000. Armbruster Capital Management Inc. raised its stake in Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $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% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $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% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock worth $145,000 after buying an additional 210 shares during the period. 88.58% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

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.

The Fly

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

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