Air Products & Chemicals (NYSE:APD) PT Raised to $250.00 at Wells Fargo & Co

Air Products & Chemicals (NYSE:APD) had its price target hoisted by equities research analysts at Wells Fargo & Co from $240.00 to $250.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. Wells Fargo & Co‘s price target indicates a potential upside of 6.90% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Air Products & Chemicals from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets lifted their price objective on Air Products & Chemicals from $235.00 to $252.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Deutsche Bank lifted their price objective on Air Products & Chemicals from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Barclays lifted their price objective on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $240.13.

Shares of Air Products & Chemicals stock opened at $233.87 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. Air Products & Chemicals has a 12 month low of $149.64 and a 12 month high of $234.61. The business has a fifty day simple moving average of $216.25 and a 200 day simple moving average of $218.23. The stock has a market cap of $47.72 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.02). Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Air Products & Chemicals will post 8.24 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. MUFG Americas Holdings Corp grew its stake in Air Products & Chemicals by 1.8% in the third quarter. MUFG Americas Holdings Corp now owns 19,069 shares of the basic materials company’s stock valued at $4,231,000 after acquiring an additional 336 shares during the period. Smith Shellnut Wilson LLC ADV lifted its holdings in shares of Air Products & Chemicals by 4.9% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 1,606 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 75 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Air Products & Chemicals by 2.3% in the third quarter. First Allied Advisory Services Inc. now owns 2,010 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 46 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Air Products & Chemicals by 28.1% in the third quarter. Cetera Advisors LLC now owns 1,512 shares of the basic materials company’s stock valued at $338,000 after purchasing an additional 332 shares in the last quarter. Finally, Trillium Asset Management LLC lifted its holdings in shares of Air Products & Chemicals by 5.7% in the third quarter. Trillium Asset Management LLC now owns 51,236 shares of the basic materials company’s stock valued at $11,367,000 after purchasing an additional 2,750 shares in the last quarter. 85.26% of the stock is owned by hedge funds and other institutional investors.

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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