Air Products & Chemicals (NYSE:APD) announced its quarterly earnings results on Thursday. The basic materials company reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02), Briefing.com reports. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. Air Products & Chemicals’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. Air Products & Chemicals updated its Q1 guidance to $2.05-$2.10 EPS and its FY20 guidance to $9.35-$9.60 EPS.
NYSE:APD traded up $6.29 during trading hours on Friday, hitting $233.87. 1,809,915 shares of the company’s stock traded hands, compared to its average volume of 1,085,902. The firm has a market cap of $47.72 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.91 and a beta of 0.84. Air Products & Chemicals has a 52 week low of $149.64 and a 52 week high of $234.61. The business’s fifty day simple moving average is $216.25 and its two-hundred day simple moving average is $218.23. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28.
Several brokerages have recently weighed in on APD. Barclays lifted their price target on Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Susquehanna Bancshares reiterated a “neutral” rating on shares of Air Products & Chemicals in a research report on Monday, August 19th. UBS Group reiterated a “hold” rating and issued a $230.00 price target on shares of Air Products & Chemicals in a research report on Friday. Monness Crespi & Hardt reiterated a “buy” rating and issued a $254.00 price target (up from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. Finally, Morgan Stanley lifted their price target 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. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $238.47.
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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