Air Products and Chemicals (NYSE:APD) Rating Increased to Neutral at Redburn Atlantic

Air Products and Chemicals (NYSE:APD) was upgraded by equities research analysts at Redburn Atlantic from a “sell” rating to a “neutral” rating in a research note issued on Friday, MarketBeat.com reports. The firm currently has a $330.00 target price on the basic materials company’s stock. Redburn Atlantic’s price objective points to a potential upside of 2.48% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. UBS Group boosted their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. Finally, Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.12.

Air Products and Chemicals Stock Down 1.4 %

APD opened at $322.01 on Friday. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $332.42. The firm has a market cap of $71.58 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.87 and a beta of 0.82. The firm’s 50-day simple moving average is $292.79 and its 200-day simple moving average is $270.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Equities research analysts anticipate that Air Products and Chemicals will post 12.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors and hedge funds have recently modified their holdings of APD. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC grew its holdings in Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 135 shares during the period. Iron Horse Wealth Management LLC grew its holdings in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC grew its holdings in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares during the period. Finally, Beacon Capital Management LLC grew its holdings in Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Company Profile

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.