Morgan Stanley Boosts Air Products & Chemicals (NYSE:APD) Price Target to $325.00

Air Products & Chemicals (NYSE:APD) had its price objective hoisted by stock analysts at Morgan Stanley from $245.00 to $325.00 in a research report issued on Tuesday, The Fly reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Morgan Stanley’s price target points to a potential upside of 10.28% from the company’s current price.

Several other equities research analysts have also recently issued reports on APD. Monness Crespi & Hardt cut Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday. BMO Capital Markets increased their price target on Air Products & Chemicals from $295.00 to $359.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup boosted their price objective on shares of Air Products & Chemicals from $256.00 to $261.00 and gave the company a “buy” rating in a report on Friday, April 24th. Barclays increased their target price on shares of Air Products & Chemicals from $265.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Zacks Investment Research cut shares of Air Products & Chemicals from a “hold” rating to a “sell” rating and set a $230.00 price target for the company. in a research report on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Air Products & Chemicals has a consensus rating of “Buy” and a consensus target price of $282.44.

Air Products & Chemicals stock opened at $294.71 on Tuesday. The company has a current ratio of 3.48, a quick ratio of 3.32 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $257.50 and a 200 day moving average price of $234.65. Air Products & Chemicals has a 12-month low of $167.43 and a 12-month high of $299.82. The stock has a market cap of $64.40 billion, a P/E ratio of 34.39, a PEG ratio of 3.90 and a beta of 0.85.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.03. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 EPS. As a group, analysts forecast that Air Products & Chemicals will post 8.42 EPS for the current year.

Large investors have recently bought and sold shares of the business. DAGCO Inc. raised its stake in shares of Air Products & Chemicals by 10.8% in the second quarter. DAGCO Inc. now owns 2,156 shares of the basic materials company’s stock valued at $521,000 after acquiring an additional 211 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Air Products & Chemicals by 8.4% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,383 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 107 shares during the period. JustInvest LLC acquired a new stake in Air Products & Chemicals in the 2nd quarter valued at about $248,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Air Products & Chemicals by 2.6% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,620 shares of the basic materials company’s stock valued at $1,598,000 after buying an additional 169 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Air Products & Chemicals by 11.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,706 shares of the basic materials company’s stock worth $3,309,000 after buying an additional 1,381 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

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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