Air Products and Chemicals (NYSE:APD) Downgraded by UBS Group

Air Products and Chemicals (NYSE:APDGet Free Report) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Thursday, MarketBeat Ratings reports. They presently have a $241.00 price objective on the basic materials company’s stock, down from their previous price objective of $328.00. UBS Group’s price target points to a potential upside of 9.65% from the stock’s current price.

APD has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho dropped their price objective on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company downgraded Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Finally, Barclays decreased their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $281.75.

Read Our Latest Report on APD

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $219.79 on Thursday. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The stock has a market cap of $48.86 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average price is $261.64 and its 200-day moving average price is $277.12.

Air Products and Chemicals (NYSE:APDGet Free Report) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. Air Products and Chemicals’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.64 EPS. On average, equities analysts expect that Air Products and Chemicals will post 12.39 EPS for the current fiscal year.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, CEO Seifi Ghasemi bought 11,000 shares of Air Products and Chemicals stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $264.42 per share, for a total transaction of $2,908,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 670,673 shares of the company’s stock, valued at $177,339,354.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors have recently added to or reduced their stakes in APD. Dover Advisors LLC increased its holdings in shares of Air Products and Chemicals by 1.9% in the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 35 shares in the last quarter. Smithfield Trust Co grew its stake in Air Products and Chemicals by 2.4% in the 3rd quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after buying an additional 36 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of Air Products and Chemicals by 25.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 180 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 37 shares in the last quarter. Vestcor Inc lifted its holdings in shares of Air Products and Chemicals by 0.7% during the 4th quarter. Vestcor Inc now owns 5,261 shares of the basic materials company’s stock worth $1,622,000 after acquiring an additional 37 shares during the period. Finally, Crescent Sterling Ltd. lifted its stake in Air Products and Chemicals by 0.4% in the 2nd quarter. Crescent Sterling Ltd. now owns 9,455 shares of the basic materials company’s stock valued at $2,832,000 after purchasing an additional 38 shares during the last quarter. 82.62% of the stock is owned by institutional investors and hedge funds.

About Air Products and Chemicals

(Get Free Report)

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.

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

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