Air Products & Chemicals, Inc. (NYSE:APD) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $239.15.
A number of brokerages recently issued reports on APD. Sanford C. Bernstein lowered Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 target price on the stock. in a research report on Thursday, July 18th. Susquehanna Bancshares reissued a “neutral” rating on shares of Air Products & Chemicals in a research report on Monday, August 19th. Morgan Stanley lifted their target price on Air Products & Chemicals from $168.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. ValuEngine lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $254.00 price target (up previously from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th.
In related news, CEO Seifi Ghasemi purchased 20,000 shares of the stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $227.16 per share, with a total value of $4,543,200.00. Following the transaction, the chief executive officer now directly owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.
Air Products & Chemicals stock traded up $4.19 during midday trading on Thursday, reaching $220.53. The stock had a trading volume of 45,162 shares, compared to its average volume of 1,129,252. The firm’s fifty day simple moving average is $225.55 and its 200-day simple moving average is $209.86. Air Products & Chemicals has a 1-year low of $148.44 and a 1-year high of $232.47. The stock has a market capitalization of $47.68 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 2.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm earned $1.95 EPS. Air Products & Chemicals’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Air Products & Chemicals will post 8.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.
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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