Air Products & Chemicals (APD) Given a $200.00 Price Target by BMO Capital Markets Analysts

Air Products & Chemicals (NYSE:APD) has been assigned a $200.00 target price by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential upside of 25.08% from the stock’s previous close.

A number of other research firms have also commented on APD. Credit Suisse Group lifted their price objective on shares of Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, July 27th. BNP Paribas initiated coverage on shares of Air Products & Chemicals in a research note on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Air Products & Chemicals has a consensus rating of “Buy” and a consensus target price of $187.64.

Shares of NYSE:APD opened at $159.90 on Thursday. Air Products & Chemicals has a 12 month low of $148.44 and a 12 month high of $175.17. The company has a current ratio of 2.17, a quick ratio of 2.24 and a debt-to-equity ratio of 0.30. The firm has a market cap of $35.30 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.47 and a beta of 1.08.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. Air Products & Chemicals’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. Equities analysts expect that Air Products & Chemicals will post 8.18 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Braun Bostich & Associates Inc. boosted its holdings in shares of Air Products & Chemicals by 542.6% in the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 624 shares in the last quarter. NuWave Investment Management LLC boosted its holdings in shares of Air Products & Chemicals by 8,770.0% in the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 877 shares in the last quarter. IMS Capital Management purchased a new stake in shares of Air Products & Chemicals in the second quarter valued at about $146,000. Vigilant Capital Management LLC purchased a new stake in shares of Air Products & Chemicals in the second quarter valued at about $158,000. Finally, Douglass Winthrop Advisors LLC purchased a new stake in shares of Air Products & Chemicals in the third quarter valued at about $200,000. 86.19% of the stock is currently owned by institutional investors and hedge funds.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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