Air Products and Chemicals (NYSE:APD) Price Target Raised to $350.00 at JPMorgan Chase & Co.

Air Products and Chemicals (NYSE:APD) had its price objective upped by JPMorgan Chase & Co. from $340.00 to $350.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on APD. BMO Capital Markets upped their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 in a research note on Monday, October 7th. UBS Group lifted their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Citigroup lifted their target price on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $320.82.

Air Products and Chemicals Trading Up 1.0 %

NYSE:APD opened at $332.11 on Friday. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $332.17. The firm has a market cap of $73.83 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $289.56 and a 200 day moving average price of $268.48.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Sell-side analysts anticipate that Air Products and Chemicals will post 12.33 earnings per share for the current fiscal year.

Institutional Trading of Air Products and Chemicals

A number of institutional investors have recently modified their holdings of APD. Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 1st quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals during the second quarter worth about $32,000. Hexagon Capital Partners LLC grew its position in Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares during the period. Trifecta Capital Advisors LLC increased its holdings in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, OFI Invest Asset Management lifted its position in shares of Air Products and Chemicals by 104.3% during the 1st quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 96 shares during the period. 81.66% of the stock is currently owned by hedge funds and other 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.