Air Products and Chemicals, Inc. (APD) Price Target Increased to $185.00 by Analysts at SunTrust Banks, Inc.

Air Products and Chemicals, Inc. (NYSE:APD) had its price objective increased by SunTrust Banks, Inc. to $185.00 in a research note published on Monday. SunTrust Banks, Inc. currently has a buy rating on the basic materials company’s stock. The analysts noted that the move was a valuation call.

APD has been the subject of several other research reports. KeyCorp reaffirmed a buy rating and set a $161.00 price target on shares of Air Products and Chemicals in a research note on Friday, September 8th. Vertical Research reaffirmed a hold rating and set a $148.00 price target (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Deutsche Bank AG lifted their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a hold rating in a research note on Wednesday, August 2nd. Susquehanna Bancshares Inc lifted their price target on shares of Air Products and Chemicals and gave the company a positive rating in a research note on Tuesday, November 7th. Finally, Argus lifted their price target on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the company a buy rating in a research note on Monday, August 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $164.80.

Shares of Air Products and Chemicals (NYSE APD) traded up $2.46 during midday trading on Monday, reaching $162.76. 1,935,100 shares of the company’s stock traded hands, compared to its average volume of 1,332,517. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $34,938.57, a P/E ratio of 25.40, a P/E/G ratio of 1.89 and a beta of 1.24. Air Products and Chemicals has a twelve month low of $133.63 and a twelve month high of $163.56.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. research analysts predict that Air Products and Chemicals will post 7 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.33%. Air Products and Chemicals’s payout ratio is 27.82%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings Inc. grew its holdings in Air Products and Chemicals by 1.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 192,994 shares of the basic materials company’s stock worth $29,184,000 after purchasing an additional 3,526 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Air Products and Chemicals by 24.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,438 shares of the basic materials company’s stock worth $3,543,000 after purchasing an additional 4,540 shares during the last quarter. L & S Advisors Inc purchased a new position in Air Products and Chemicals in the third quarter worth $5,664,000. Asset Management One Co. Ltd. grew its holdings in Air Products and Chemicals by 1.9% in the third quarter. Asset Management One Co. Ltd. now owns 394,129 shares of the basic materials company’s stock worth $59,602,000 after purchasing an additional 7,303 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its holdings in Air Products and Chemicals by 17.9% in the third quarter. AMP Capital Investors Ltd now owns 78,064 shares of the basic materials company’s stock worth $11,806,000 after purchasing an additional 11,871 shares during the last quarter. 88.58% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Analyst Recommendations for Air Products and Chemicals (NYSE:APD)

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