Equities Analysts Offer Predictions for Air Products and Chemicals, Inc.’s Q1 2018 Earnings (APD)

Air Products and Chemicals, Inc. (NYSE:APD) – Investment analysts at SunTrust Banks issued their Q1 2018 EPS estimates for shares of Air Products and Chemicals in a report released on Thursday. SunTrust Banks analyst J. Sheehan forecasts that the basic materials company will post earnings of $1.61 per share for the quarter. SunTrust Banks has a “Buy” rating and a $175.00 price objective on the stock. SunTrust Banks also issued estimates for Air Products and Chemicals’ Q2 2018 earnings at $1.63 EPS, Q3 2018 earnings at $1.82 EPS and FY2019 earnings at $7.77 EPS.

APD has been the topic of a number of other research reports. KeyCorp reiterated a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a research report on Friday, September 8th. Vertical Research reiterated a “hold” rating and set a $148.00 price objective (up previously from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG lifted their price objective 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 upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $165.00 to $175.00 in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $155.00 price objective 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 stock. The company currently has an average rating of “Hold” and an average target price of $162.33.

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Air Products and Chemicals (APD) traded down 0.23% during mid-day trading on Monday, reaching $159.58. The company had a trading volume of 312,949 shares. The stock has a 50 day moving average of $152.77 and a 200 day moving average of $146.44. The stock has a market capitalization of $34.78 billion, a price-to-earnings ratio of 11.99 and a beta of 1.26. Air Products and Chemicals has a 52 week low of $131.12 and a 52 week high of $162.86.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm posted $2.01 EPS. Air Products and Chemicals’s quarterly revenue was up 13.2% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of APD. Patten Group Inc. raised its position in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 28 shares during the period. Guardian Life Insurance Co. of America raised its position in Air Products and Chemicals by 0.7% in 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 purchasing an additional 6 shares during the period. IMS Capital Management purchased a new stake in Air Products and Chemicals in the second quarter valued at $129,000. Armbruster Capital Management Inc. raised its position in Air Products and Chemicals by 13.5% in the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 108 shares during the period. Finally, Hanson & Doremus Investment Management raised its position in Air Products and Chemicals by 8.8% in the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 75 shares during the period. Institutional investors own 87.30% of the company’s stock.

Air Products and Chemicals Company Profile

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.

Earnings History and Estimates for Air Products and Chemicals (NYSE:APD)

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