Air Products & Chemicals (APD) Cut to “Hold” at Vertical Research

Vertical Research lowered shares of Air Products & Chemicals (NYSE:APD) from a buy rating to a hold rating in a research report report published on Thursday morning, Briefing.com Automated Import reports.

Several other research analysts have also issued reports on APD. Bank of America lowered shares of Air Products & Chemicals from a neutral rating to an underperform rating and set a $170.00 target price on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Air Products & Chemicals from a hold rating to a buy rating and set a $179.00 price objective on the stock in a research note on Tuesday, January 8th. Credit Suisse Group lifted their price objective on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, March 7th. BMO Capital Markets lifted their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. Finally, KeyCorp lifted their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an overweight rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $209.92.

Shares of NYSE APD opened at $202.57 on Thursday. The stock has a market capitalization of $44.49 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.03 and a current ratio of 2.36. Air Products & Chemicals has a 1 year low of $148.44 and a 1 year high of $203.41.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. Analysts expect that Air Products & Chemicals will post 8.21 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Air Products & Chemicals by 6.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,539 shares of the basic materials company’s stock worth $5,641,000 after buying an additional 1,670 shares during the period. Securian Asset Management Inc raised its holdings in Air Products & Chemicals by 0.7% during the 1st quarter. Securian Asset Management Inc now owns 22,988 shares of the basic materials company’s stock worth $4,390,000 after buying an additional 149 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in Air Products & Chemicals by 1.2% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 62,375 shares of the basic materials company’s stock worth $11,911,000 after buying an additional 738 shares during the period. FTB Advisors Inc. raised its holdings in Air Products & Chemicals by 34.5% during the 1st quarter. FTB Advisors Inc. now owns 320 shares of the basic materials company’s stock worth $60,000 after buying an additional 82 shares during the period. Finally, Arrow Financial Corp raised its holdings in Air Products & Chemicals by 800.0% during the 1st quarter. Arrow Financial Corp now owns 3,060 shares of the basic materials company’s stock worth $585,000 after buying an additional 2,720 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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

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