Analysts’ Weekly Ratings Updates for Air Products and Chemicals (APD)

Posted by Amy Steele on Oct 29th, 2024

Several analysts have recently updated their ratings and price targets for Air Products and Chemicals (NYSE: APD):

10/25/2024 – Air Products and Chemicals was upgraded by analysts at Redburn Atlantic from a “sell” rating to a “neutral” rating. They now have a $330.00 price target on the stock.
10/18/2024 – Air Products and Chemicals had its price target raised by analysts at JPMorgan Chase & Co. from $340.00 to $350.00. They now have an “overweight” rating on the stock.
10/15/2024 – Air Products and Chemicals had its price target raised by analysts at UBS Group AG from $307.00 to $345.00. They now have a “neutral” rating on the stock.
10/11/2024 – Air Products and Chemicals had its price target raised by analysts at Wells Fargo & Company from $280.00 to $330.00. They now have an “equal weight” rating on the stock.
10/9/2024 – Air Products and Chemicals had its price target raised by analysts at Mizuho from $308.00 to $360.00. They now have an “outperform” rating on the stock.
10/7/2024 – Air Products and Chemicals was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $365.00 price target on the stock, up previously from $305.00.
10/7/2024 – Air Products and Chemicals had its price target raised by analysts at Citigroup Inc. from $330.00 to $345.00. They now have a “buy” rating on the stock.
10/7/2024 – Air Products and Chemicals was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $364.00 price target on the stock, up previously from $295.00.
10/7/2024 – Air Products and Chemicals was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating. They now have a $336.00 price target on the stock.
9/23/2024 – Air Products and Chemicals was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
9/6/2024 – Air Products and Chemicals was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $318.26 on Tuesday. The stock has a fifty day moving average price of $295.48 and a 200 day moving average price of $272.56. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The firm has a market capitalization of $70.75 billion, a P/E ratio of 28.72, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Institutional Trading of Air Products and Chemicals

A number of institutional investors and hedge funds have recently bought and sold shares of APD. Iron Horse Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the second quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its stake in shares of Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 135 shares in the last quarter. Trifecta Capital Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Reston Wealth Management LLC purchased a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.