Air Products & Chemicals (NYSE:APD) Stock Rating Reaffirmed by Susquehanna Bancshares

Susquehanna Bancshares reissued their neutral rating on shares of Air Products & Chemicals (NYSE:APD) in a research note released on Monday, The Fly reports.

Other equities research analysts have also issued reports about the company. Deutsche Bank raised their price objective on Air Products & Chemicals from $220.00 to $250.00 and gave the stock a buy rating in a research note on Friday, July 26th. Bank of America raised Air Products & Chemicals from an underperform rating to a neutral rating and raised their price objective for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. Credit Suisse Group raised their price objective on Air Products & Chemicals from $221.00 to $238.00 and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Vertical Research lowered Air Products & Chemicals from a buy rating to a hold rating in a research note on Thursday, April 25th. Finally, Sanford C. Bernstein lowered Air Products & Chemicals from an outperform rating to a market perform rating and set a $225.00 price objective for the company. in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Air Products & Chemicals presently has an average rating of Hold and a consensus target price of $234.71.

Shares of APD stock opened at $228.64 on Monday. Air Products & Chemicals has a 1 year low of $148.44 and a 1 year high of $232.47. The stock has a market cap of $50.41 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The business’s fifty day moving average is $227.29 and its 200-day moving average is $204.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.03. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.32 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.95 EPS. Equities research analysts predict that Air Products & Chemicals will post 8.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Monday, September 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.03%. Air Products & Chemicals’s dividend payout ratio is 62.28%.

In other news, CEO Seifi Ghasemi acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares in the company, valued at $103,081,346.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Bailard Inc. raised its holdings in Air Products & Chemicals by 2.0% during the second quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock valued at $531,000 after buying an additional 45 shares in the last quarter. Family Firm Inc. bought a new position in Air Products & Chemicals during the first quarter valued at about $201,000. Field & Main Bank raised its holdings in Air Products & Chemicals by 385.7% during the second quarter. Field & Main Bank now owns 680 shares of the basic materials company’s stock valued at $154,000 after buying an additional 540 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Air Products & Chemicals by 0.9% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 33,374 shares of the basic materials company’s stock valued at $6,373,000 after buying an additional 299 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in Air Products & Chemicals by 30.2% during the first quarter. King Luther Capital Management Corp now owns 854,276 shares of the basic materials company’s stock valued at $163,133,000 after buying an additional 197,958 shares in the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

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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The Fly

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

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