Air Products and Chemicals, Inc. (APD) PT Raised to $172.00 at UBS AG

Air Products and Chemicals, Inc. (NYSE:APD) had its price target lifted by investment analysts at UBS AG from $162.00 to $172.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the basic materials company’s stock. UBS AG’s target price indicates a potential upside of 6.91% from the company’s previous close.

Several other brokerages have also recently issued reports on APD. KeyCorp reaffirmed a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a report on Friday, September 8th. Vertical Research reissued a “hold” rating and set a $148.00 price target (up previously from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG raised their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their price target for the stock from $165.00 to $175.00 in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $162.33.

Air Products and Chemicals (APD) opened at 160.88 on Friday. The firm has a market capitalization of $35.06 billion, a P/E ratio of 12.09 and a beta of 1.26. The firm has a 50-day moving average price of $152.36 and a 200-day moving average price of $146.11. Air Products and Chemicals has a one year low of $131.12 and a one year high of $162.86.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $2.01 EPS. Equities analysts anticipate that Air Products and Chemicals will post $6.95 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Air Products and Chemicals, Inc. (APD) PT Raised to $172.00 at UBS AG” was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/10/29/air-products-and-chemicals-inc-apd-pt-raised-to-172-00-at-ubs-ag.html.

A number of hedge funds have recently bought and sold shares of the business. Guardian Life Insurance Co. of America grew its position in Air Products and Chemicals by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 6 shares during the period. Fort Pitt Capital Group LLC grew its position in Air Products and Chemicals by 0.4% during the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after acquiring an additional 7 shares during the period. Oakworth Capital Inc. grew its position in Air Products and Chemicals by 0.7% during the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 7 shares during the period. MAI Capital Management grew its position in Air Products and Chemicals by 0.5% during the second quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock valued at $275,000 after acquiring an additional 9 shares during the period. Finally, Ledyard National Bank grew its position in Air Products and Chemicals by 0.7% during the second quarter. Ledyard National Bank now owns 1,529 shares of the basic materials company’s stock valued at $219,000 after acquiring an additional 10 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

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)

What are top analysts saying about Air Products and Chemicals Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Air Products and Chemicals Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit