Air Products and Chemicals (NYSE:APD) Upgraded to “Hold” at StockNews.com

Air Products and Chemicals (NYSE:APD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. Bank of America upped their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Mizuho lowered their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. TD Cowen raised their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $297.40.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $275.82 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $307.71. The firm has a market capitalization of $61.32 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.17 and a beta of 0.81. The stock’s 50 day moving average is $267.17 and its 200-day moving average is $251.61.

Hedge Funds Weigh In On Air Products and Chemicals

Several institutional investors and hedge funds have recently modified their holdings of APD. Roble Belko & Company Inc purchased a new position in Air Products and Chemicals in the 4th quarter worth about $27,000. Sachetta LLC bought a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Security National Bank purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at $27,000. Thompson Investment Management Inc. bought a new position in shares of Air Products and Chemicals in the first quarter worth about $27,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $28,000. 81.66% of the stock is currently owned by institutional investors.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.