UBS Group Issues Positive Forecast for Air Products and Chemicals (NYSE:APD) Stock Price

Air Products and Chemicals (NYSE:APD) had its price target increased by equities research analysts at UBS Group from $375.00 to $385.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. UBS Group’s price objective points to a potential upside of 17.57% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a report on Monday, October 7th. Wells Fargo & Company raised Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $330.00 to $350.00 in a research report on Tuesday, January 14th. BMO Capital Markets increased their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective for the company. in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $338.47.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $327.45 on Tuesday. The stock has a market capitalization of $72.82 billion, a P/E ratio of 19.06, a P/E/G ratio of 3.16 and a beta of 0.84. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The firm’s 50-day moving average is $310.10 and its two-hundred day moving average is $298.00.

Hedge Funds Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avestar Capital LLC lifted its position in shares of Air Products and Chemicals by 10.7% during the fourth quarter. Avestar Capital LLC now owns 1,182 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 114 shares in the last quarter. Two Point Capital Management Inc. increased its stake in Air Products and Chemicals by 0.5% during the 4th quarter. Two Point Capital Management Inc. now owns 27,129 shares of the basic materials company’s stock worth $8,675,000 after buying an additional 147 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in Air Products and Chemicals by 6.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 779 shares of the basic materials company’s stock worth $225,000 after buying an additional 49 shares in the last quarter. Jmac Enterprises LLC boosted its position in Air Products and Chemicals by 11.9% in the 4th quarter. Jmac Enterprises LLC now owns 6,838 shares of the basic materials company’s stock valued at $1,983,000 after buying an additional 729 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. boosted its position in Air Products and Chemicals by 1.0% in the 4th quarter. Signet Investment Advisory Group Inc. now owns 5,485 shares of the basic materials company’s stock valued at $1,591,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.