Air Products & Chemicals (APD) PT Raised to $202.00
Air Products & Chemicals (NYSE:APD) had its price target hoisted by BMO Capital Markets from $197.00 to $202.00 in a research report sent to investors on Tuesday. The firm currently has an outperform rating on the basic materials company’s stock.
A number of other research analysts have also issued reports on the stock. Citigroup upped their target price on shares of Air Products & Chemicals from $185.00 to $198.00 and gave the company a buy rating in a report on Monday, April 30th. Credit Suisse Group set a $181.00 target price on shares of Air Products & Chemicals and gave the company a hold rating in a report on Thursday, April 26th. ValuEngine lowered shares of Air Products & Chemicals from a buy rating to a hold rating in a report on Tuesday, June 5th. Zacks Investment Research upgraded shares of Air Products & Chemicals from a sell rating to a hold rating in a report on Monday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Air Products & Chemicals from $172.00 to $170.00 and set an overweight rating on the stock in a report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $183.47.
NYSE:APD opened at $166.61 on Tuesday. The stock has a market capitalization of $34.62 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.40. Air Products & Chemicals has a 12-month low of $143.79 and a 12-month high of $175.17.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Stockholders of record on Monday, October 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $4.40 annualized dividend and a dividend yield of 2.64%. Air Products & Chemicals’s payout ratio is currently 69.73%.
Hedge funds have recently made changes to their positions in the company. Bruderman Asset Management LLC purchased a new position in shares of Air Products & Chemicals during the 1st quarter worth about $104,000. Mount Yale Investment Advisors LLC acquired a new stake in Air Products & Chemicals during the 1st quarter worth approximately $114,000. Braun Bostich & Associates Inc. increased its position in Air Products & Chemicals by 542.6% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 624 shares in the last quarter. Private Capital Group LLC increased its position in Air Products & Chemicals by 2,231.4% during the 1st quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 781 shares in the last quarter. Finally, IMS Capital Management acquired a new stake in Air Products & Chemicals during the 2nd quarter worth approximately $146,000. Institutional investors and hedge funds own 87.00% of the company’s stock.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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