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

Air Products and Chemicals (NYSE:APD) had its price target lowered by stock analysts at UBS Group from $370.00 to $335.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential upside of 24.58% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. BMO Capital Markets lowered shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Finally, Citigroup decreased their target price on shares of Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $332.18.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded down $3.68 on Tuesday, reaching $268.90. 324,669 shares of the stock were exchanged, compared to its average volume of 1,487,464. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals has a twelve month low of $227.53 and a twelve month high of $341.14. The firm has a fifty day moving average price of $296.87 and a two-hundred day moving average price of $307.49. The stock has a market cap of $59.82 billion, a PE ratio of 15.63, a PEG ratio of 3.07 and a beta of 0.89.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Sell-side analysts anticipate that Air Products and Chemicals will post 12.69 EPS for the current year.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of Air Products and Chemicals stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $306.00, for a total transaction of $616,896.00. Following the transaction, the insider now directly owns 3,834 shares in the company, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $307.32, for a total value of $993,565.56. Following the completion of the sale, the chief financial officer now owns 10,680 shares of the company’s stock, valued at $3,282,177.60. This trade represents a 23.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock worth $4,842,604 over the last ninety days. Company insiders own 0.41% of the company’s stock.

Institutional Trading of Air Products and Chemicals

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its holdings in shares of Air Products and Chemicals by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company’s stock worth $505,000 after acquiring an additional 31 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Air Products and Chemicals by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company’s stock valued at $588,000 after purchasing an additional 31 shares in the last quarter. WR Wealth Planners LLC grew its holdings in shares of Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after buying an additional 31 shares in the last quarter. Silver Oak Securities Incorporated raised its position in Air Products and Chemicals by 1.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock valued at $888,000 after buying an additional 32 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Air Products and Chemicals by 3.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company’s stock valued at $282,000 after acquiring an additional 33 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

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.