Credit Suisse Group Raises Air Products & Chemicals (APD) Price Target to $222.00

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Air Products & Chemicals (NYSE:APD) had its target price lifted by investment analysts at Credit Suisse Group from $200.00 to $222.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Credit Suisse Group’s target price indicates a potential upside of 12.29% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Bank of America cut Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a report on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded 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. BMO Capital Markets raised their price objective on Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, KeyCorp raised their price objective on Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Air Products & Chemicals has a consensus rating of “Buy” and a consensus price target of $196.40.

APD traded up $0.60 on Wednesday, hitting $197.70. 168,255 shares of the stock were exchanged, compared to its average volume of 1,018,617. Air Products & Chemicals has a 12 month low of $148.44 and a 12 month high of $197.33. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $42.59 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 1.82 and a beta of 0.82.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.01). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 EPS. Sell-side analysts anticipate that Air Products & Chemicals will post 8.18 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Air Products & Chemicals by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after buying an additional 238,723 shares during the last quarter. Vanguard Group Inc grew its position in shares of Air Products & Chemicals by 1.3% during the third quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after purchasing an additional 238,723 shares in the last quarter. BlackRock Inc. grew its position in shares of Air Products & Chemicals by 1.9% during the fourth quarter. BlackRock Inc. now owns 17,129,190 shares of the basic materials company’s stock worth $2,741,528,000 after purchasing an additional 317,875 shares in the last quarter. Findlay Park Partners LLP grew its position in shares of Air Products & Chemicals by 6.4% during the fourth quarter. Findlay Park Partners LLP now owns 3,284,423 shares of the basic materials company’s stock worth $525,672,000 after purchasing an additional 196,923 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Air Products & Chemicals by 3.2% during the fourth quarter. Northern Trust Corp now owns 3,239,618 shares of the basic materials company’s stock worth $518,501,000 after purchasing an additional 100,657 shares in the last quarter. Institutional investors own 87.52% of the company’s stock.

Air Products & Chemicals Company Profile

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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