Air Products & Chemicals (APD) PT Set at $200.00 by BMO Capital Markets

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Air Products & Chemicals (NYSE:APD) has been assigned a $200.00 price target by stock analysts at BMO Capital Markets in a research report issued on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 25.08% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research cut shares of Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. BNP Paribas started coverage on shares of Air Products & Chemicals in a research report on Tuesday, October 2nd. They set an “outperform” rating for the company. Sanford C. Bernstein started coverage on shares of Air Products & Chemicals in a research report on Monday, September 24th. They issued an “outperform” rating and a $202.00 price target for the company. Finally, Vertical Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Air Products & Chemicals has an average rating of “Buy” and an average price target of $187.64.

NYSE:APD opened at $159.90 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.24. The company has a market cap of $35.30 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.47 and a beta of 1.08. Air Products & Chemicals has a fifty-two week low of $148.44 and a fifty-two week high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.01. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. As a group, equities analysts forecast that Air Products & Chemicals will post 8.18 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Air Products & Chemicals by 1.1% in the 2nd quarter. Bank of America Corp DE now owns 7,224,475 shares of the basic materials company’s stock valued at $1,125,067,000 after purchasing an additional 75,105 shares in the last quarter. FMR LLC raised its holdings in shares of Air Products & Chemicals by 52.8% in the 2nd quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock valued at $694,111,000 after purchasing an additional 1,540,875 shares in the last quarter. Findlay Park Partners LLP raised its holdings in shares of Air Products & Chemicals by 6.7% in the 2nd quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the basic materials company’s stock valued at $498,336,000 after purchasing an additional 200,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Air Products & Chemicals by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,148,186 shares of the basic materials company’s stock valued at $490,265,000 after purchasing an additional 68,094 shares in the last quarter. Finally, Luminus Management LLC raised its holdings in shares of Air Products & Chemicals by 14.3% in the 2nd quarter. Luminus Management LLC now owns 1,925,589 shares of the basic materials company’s stock valued at $299,872,000 after purchasing an additional 240,918 shares in the last quarter. 86.19% of the stock is owned by institutional investors.

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

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