Air Products & Chemicals, Inc. (APD) Receives Average Rating of “Buy” from Brokerages
Shares of Air Products & Chemicals, Inc. (NYSE:APD) have earned a consensus rating of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $189.67.
Several brokerages recently issued reports on APD. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Tuesday, January 8th. Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Bank of America cut shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a report on Tuesday, January 8th. They noted that the move was a valuation call.
APD stock traded up $2.52 on Thursday, hitting $190.17. The company had a trading volume of 1,069,900 shares, compared to its average volume of 1,177,965. Air Products & Chemicals has a 12-month low of $148.44 and a 12-month high of $190.21. The company has a current ratio of 2.21, a quick ratio of 2.03 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $41.21 billion, a P/E ratio of 25.44, a P/E/G ratio of 1.76 and a beta of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, March 29th. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 59.06%.
Institutional investors have recently modified their holdings of the company. Athena Capital Advisors LLC purchased a new position in shares of Air Products & Chemicals during the 4th quarter worth $28,000. Old North State Trust LLC boosted its stake in shares of Air Products & Chemicals by 376.1% during the 4th quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Air Products & Chemicals during the 4th quarter worth $38,000. Transamerica Financial Advisors Inc. boosted its stake in shares of Air Products & Chemicals by 617.6% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 210 shares during the last quarter. Finally, Legacy Financial Advisors Inc. boosted its stake in shares of Air Products & Chemicals by 109.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 87.45% of the company’s stock.
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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