Air Products and Chemicals (NYSE:APD) Price Target Lowered to $345.00 at JPMorgan Chase & Co.

Air Products and Chemicals (NYSE:APD) had its target price trimmed by JPMorgan Chase & Co. from $350.00 to $345.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

A number of other research firms also recently weighed in on APD. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their target price for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research note on Friday, October 25th. Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.00.

Air Products and Chemicals Stock Up 0.1 %

Shares of APD stock traded up $0.17 during trading hours on Friday, hitting $312.99. 2,585,110 shares of the company were exchanged, compared to its average volume of 1,618,957. The business has a 50 day moving average of $301.56 and a two-hundred day moving average of $276.93. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. Air Products and Chemicals has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a market capitalization of $69.58 billion, a PE ratio of 27.12, a PEG ratio of 3.21 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.12. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.19 billion. Analysts anticipate that Air Products and Chemicals will post 12.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Products and Chemicals

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in shares of Air Products and Chemicals by 62.3% during the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after purchasing an additional 4,309,040 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Air Products and Chemicals by 2,931.0% during the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after buying an additional 1,564,169 shares during the period. Finally, ING Groep NV boosted its position in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.