Air Products and Chemicals (NYSE:APD) Price Target Raised to $385.00

Air Products and Chemicals (NYSE:APD) had its price objective hoisted by equities researchers at UBS Group from $375.00 to $385.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential upside of 17.70% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $330.00 to $350.00 in a report on Tuesday, January 14th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a research note on Monday. Mizuho raised their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.47.

Air Products and Chemicals Trading Down 0.7 %

APD opened at $327.10 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a market cap of $72.74 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. The firm has a 50 day simple moving average of $310.14 and a 200 day simple moving average of $297.05. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $337.00.

Hedge Funds Weigh In On Air Products and Chemicals

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in shares of Air Products and Chemicals by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company’s stock valued at $3,914,000 after acquiring an additional 6,952 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Air Products and Chemicals by 59.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company’s stock worth $111,488,000 after purchasing an additional 139,223 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Air Products and Chemicals in the fourth quarter worth $7,269,000. Forsta AP Fonden raised its holdings in Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in Air Products and Chemicals by 88.2% in the fourth quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company’s stock worth $3,074,000 after purchasing an additional 4,916 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

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.