Air Products & Chemicals (NYSE:APD) Price Target Increased to $225.00 by Analysts at JPMorgan Chase & Co.

Air Products & Chemicals (NYSE:APD) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $207.00 to $225.00 in a research report issued on Friday, June 7th, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 0.61% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. UBS Group upped their price target on shares of Air Products & Chemicals from $215.00 to $224.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. BMO Capital Markets upped their price target on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Bank of America upgraded shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $170.00 to $215.00 in a research report on Thursday, April 25th. Credit Suisse Group upped their target price on shares of Air Products & Chemicals from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, Barclays upped their target price on shares of Air Products & Chemicals from $184.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $213.00.

Air Products & Chemicals stock traded up $4.01 during trading on Friday, hitting $226.37. The stock had a trading volume of 1,521,988 shares, compared to its average volume of 1,220,102. Air Products & Chemicals has a 1 year low of $148.44 and a 1 year high of $226.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 2.36. The company’s 50 day moving average price is $213.34. The firm has a market cap of $49.83 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. Air Products & Chemicals’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts predict that Air Products & Chemicals will post 8.22 EPS for the current fiscal year.

In other news, VP Russell A. Flugel sold 2,970 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the completion of the sale, the vice president now directly owns 6,387 shares in the company, valued at $1,322,172.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in APD. OMERS ADMINISTRATION Corp bought a new position in Air Products & Chemicals in the fourth quarter worth about $164,779,000. Deutsche Bank AG raised its stake in Air Products & Chemicals by 96.6% in the fourth quarter. Deutsche Bank AG now owns 1,599,411 shares of the basic materials company’s stock worth $255,979,000 after buying an additional 785,837 shares in the last quarter. Norges Bank bought a new position in Air Products & Chemicals in the fourth quarter worth about $95,285,000. Bessemer Group Inc. raised its stake in Air Products & Chemicals by 21,215.8% in the fourth quarter. Bessemer Group Inc. now owns 597,483 shares of the basic materials company’s stock worth $95,627,000 after buying an additional 594,680 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Air Products & Chemicals by 56.4% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,274,149 shares of the basic materials company’s stock worth $203,928,000 after buying an additional 459,587 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Air Products & Chemicals Company Profile

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

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