Shares of Air Products and Chemicals, Inc. (NYSE:APD) have received a consensus recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $163.36.

A number of brokerages have weighed in on APD. Deutsche Bank AG increased their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Susquehanna Bancshares Inc increased their price target on Air Products and Chemicals and gave the stock a “positive” rating in a research note on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research note on Thursday, September 28th. SunTrust Banks, Inc. reissued a “buy” rating and set a $175.00 price target on shares of Air Products and Chemicals in a research note on Friday, October 27th. Finally, Barclays PLC reissued a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday, August 4th.

Shares of Air Products and Chemicals (APD) traded down $0.25 during trading on Friday, hitting $160.30. The company’s stock had a trading volume of 585,251 shares, compared to its average volume of 1,329,753. Air Products and Chemicals has a one year low of $133.63 and a one year high of $162.86. The stock has a market cap of $34,960.00, a price-to-earnings ratio of 25.51, a PEG ratio of 1.89 and a beta of 1.24. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company posted $2.01 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. analysts forecast that Air Products and Chemicals will post 7 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America increased its holdings in Air Products and Chemicals by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 6 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Air Products and Chemicals by 0.7% in the 2nd quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 7 shares in the last quarter. MAI Capital Management increased its holdings in Air Products and Chemicals by 0.5% in the 2nd quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock valued at $275,000 after purchasing an additional 9 shares in the last quarter. Ledyard National Bank increased its holdings in Air Products and Chemicals by 0.7% in the 2nd quarter. Ledyard National Bank now owns 1,529 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 10 shares in the last quarter. Finally, Hudock Capital Group LLC increased its holdings in Air Products and Chemicals by 0.5% in the 2nd quarter. Hudock Capital Group LLC now owns 2,049 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

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.

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

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