Susquehanna Bancshares Reiterates Neutral Rating for Air Products & Chemicals (NYSE:APD)

Air Products & Chemicals (NYSE:APD)‘s stock had its “neutral” rating restated by Susquehanna Bancshares in a research note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also recently commented on the stock. Barclays boosted their price target on shares of Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. HSBC cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and cut their price target for the stock from $217.00 to $215.00 in a research report on Thursday, August 1st. Deutsche Bank boosted their price target on shares of Air Products & Chemicals from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $170.00 to $215.00 in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Air Products & Chemicals from $207.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $234.71.

Shares of NYSE:APD opened at $225.73 on Monday. The company’s 50-day moving average price is $227.30 and its two-hundred day moving average price is $204.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. Air Products & Chemicals has a one year low of $148.44 and a one year high of $232.47. The stock has a market capitalization of $49.87 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm posted $1.95 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts anticipate that Air Products & Chemicals will post 8.24 earnings per share for the current fiscal year.

In other news, CEO Seifi Ghasemi bought 20,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following 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 the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. IMA Wealth Inc. grew its stake in Air Products & Chemicals by 285.7% in the 1st quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Air Products & Chemicals in the 2nd quarter valued at about $26,000. Field & Main Bank acquired a new position in Air Products & Chemicals in the 1st quarter valued at about $27,000. Advisory Alpha LLC acquired a new position in Air Products & Chemicals in the 1st quarter valued at about $29,000. Finally, Squar Milner Financial Services LLC grew its stake in Air Products & Chemicals by 87.1% in the 2nd quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock valued at $30,000 after buying an additional 61 shares during the last quarter. 86.52% of the stock is currently owned by institutional investors.

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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