Mizuho Trims Air Products and Chemicals (NYSE:APD) Target Price to $286.00

Air Products and Chemicals (NYSE:APD) had its target price lowered by Mizuho from $295.00 to $286.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

APD has been the topic of several other reports. TD Cowen cut their target price on Air Products and Chemicals from $345.00 to $305.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Bank of America raised shares of Air Products and Chemicals from a neutral rating to a buy rating and set a $264.00 target price for the company in a research report on Thursday, February 15th. BMO Capital Markets reduced their price target on shares of Air Products and Chemicals from $307.00 to $250.00 and set an outperform rating on the stock in a research report on Tuesday, February 6th. Wolfe Research initiated coverage on shares of Air Products and Chemicals in a research report on Friday, March 1st. They issued an outperform rating and a $279.00 price objective for the company. Finally, UBS Group downgraded shares of Air Products and Chemicals from a buy rating to a neutral rating and cut their target price for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $277.43.

Air Products and Chemicals Stock Up 0.9 %

APD opened at $245.87 on Wednesday. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The business has a 50-day moving average of $237.96 and a two-hundred day moving average of $254.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.58. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. Air Products and Chemicals’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 earnings per share. On average, research analysts expect that Air Products and Chemicals will post 12.34 earnings per share for the current year.

Institutional Investors Weigh In On Air Products and Chemicals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Roble Belko & Company Inc bought a new position in Air Products and Chemicals during the 4th quarter valued at $27,000. Sachetta LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $27,000. Security National Bank bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $27,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $27,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

About Air Products and Chemicals

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.