Air Products & Chemicals (APD) PT Raised to $220.00 at KeyCorp

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Air Products & Chemicals (NYSE:APD) had its price target raised by KeyCorp from $195.00 to $220.00 in a report released on Friday, The Fly reports. KeyCorp currently has an overweight rating on the basic materials company’s stock. KeyCorp also issued estimates for Air Products & Chemicals’ FY2020 earnings at $9.00 EPS.

A number of other analysts have also issued reports on the company. Zacks Investment Research raised Air Products & Chemicals from a hold rating to a buy rating and set a $179.00 price target on the stock in a research note on Tuesday, January 8th. Bank of America lowered Air Products & Chemicals from a neutral rating to an underperform rating and set a $170.00 price target on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Credit Suisse Group lifted their price target on Air Products & Chemicals from $188.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets lifted their price target on Air Products & Chemicals from $200.00 to $215.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $194.20.

Shares of APD opened at $193.93 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.03 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $42.50 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. Air Products & Chemicals has a 12 month low of $148.44 and a 12 month high of $195.36.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 earnings per share. Research analysts anticipate that Air Products & Chemicals will post 8.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, March 29th. This represents a $4.64 dividend on an annualized basis and a yield of 2.39%. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s payout ratio is 62.28%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. boosted its stake in Air Products & Chemicals by 2,002.7% during the fourth quarter. 1832 Asset Management L.P. now owns 353,219 shares of the basic materials company’s stock worth $56,469,000 after buying an additional 336,421 shares during the last quarter. PagnatoKarp Partners LLC boosted its stake in Air Products & Chemicals by 45.7% during the first quarter. PagnatoKarp Partners LLC now owns 3,270 shares of the basic materials company’s stock worth $628,000 after buying an additional 1,026 shares during the last quarter. Hayden Royal LLC acquired a new position in Air Products & Chemicals during the fourth quarter worth $310,000. Viking Fund Management LLC boosted its stake in Air Products & Chemicals by 8.7% during the fourth quarter. Viking Fund Management LLC now owns 12,500 shares of the basic materials company’s stock worth $2,001,000 after buying an additional 1,000 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. acquired a new position in Air Products & Chemicals during the fourth quarter worth $398,000. 87.49% of the stock is currently owned by institutional investors.

About Air Products & Chemicals

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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