Air Products and Chemicals (NYSE:APD) Upgraded by Barclays to Overweight Rating

Air Products and Chemicals (NYSE:APD) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, MarketBeat reports. The firm presently has a $365.00 price target on the basic materials company’s stock, up from their prior price target of $315.00. Barclays‘s price target suggests a potential upside of 12.77% from the company’s previous close.

A number of other research firms also recently commented on APD. Citigroup boosted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. UBS Group upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Monday, November 18th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $335.65.

Air Products and Chemicals Trading Up 2.1 %

Shares of NYSE:APD opened at $323.65 on Friday. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $337.00. The firm has a market cap of $71.97 billion, a P/E ratio of 18.84, a P/E/G ratio of 3.18 and a beta of 0.84. The company has a 50 day moving average of $309.74 and a 200-day moving average of $295.76. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Institutional Trading of Air Products and Chemicals

Several hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. grew its position in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 43 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Air Products and Chemicals by 58.8% in the 4th quarter. Fortitude Family Office LLC now owns 135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals during the third quarter worth $42,000. 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.