Air Products and Chemicals, Inc. (APD) Receives Consensus Recommendation of “Hold” from Brokerages

Air Products and Chemicals, Inc. (NYSE:APD) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $157.15.

Several brokerages have commented on APD. Barclays PLC restated a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. UBS AG upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Jefferies Group LLC restated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Thursday, September 28th. Argus raised their price objective on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a report on Monday, August 7th.

Air Products and Chemicals (NYSE APD) traded down 0.17% on Wednesday, reaching $152.93. The company had a trading volume of 696,381 shares. Air Products and Chemicals has a one year low of $129.00 and a one year high of $153.57. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 11.49 and a beta of 1.26. The company’s 50 day moving average is $149.06 and its 200-day moving average is $144.47.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business posted $1.92 earnings per share. Air Products and Chemicals’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Air Products and Chemicals will post $6.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be issued a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.48%. Air Products and Chemicals’s payout ratio is currently 28.51%.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Patten Group Inc. raised its holdings in Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 28 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in Air Products and Chemicals by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 6 shares during the last quarter. IMS Capital Management purchased a new position in Air Products and Chemicals in the 2nd quarter worth approximately $129,000. Armbruster Capital Management Inc. raised its holdings in Air Products and Chemicals by 13.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 108 shares during the last quarter. Finally, Hanson & Doremus Investment Management raised its holdings in Air Products and Chemicals by 8.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 87.87% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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