Air Products and Chemicals, Inc. (NYSE:APD) Receives $296.53 Consensus PT from Analysts

Shares of Air Products and Chemicals, Inc. (NYSE:APD) have earned an average rating of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $296.53.

APD has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, Barclays upped their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $276.04 on Friday. The company has a 50-day simple moving average of $267.63 and a 200-day simple moving average of $251.23. Air Products and Chemicals has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. The stock has a market capitalization of $61.37 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 3.17 and a beta of 0.81.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be given a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is currently 63.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth approximately $27,000. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Security National Bank acquired a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $27,000. Finally, Transcendent Capital Group LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at approximately $28,000. 81.66% of the stock is owned by institutional investors and hedge funds.

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.