Shares of Air Products and Chemicals, Inc. (NYSE:APD – Get Free Report) have earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $296.53.
Several research analysts have issued reports on the stock. TD Cowen raised their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley lifted their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Citigroup lifted their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Barclays lifted their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th.
View Our Latest Research Report on Air Products and Chemicals
Institutional Investors Weigh In On Air Products and Chemicals
Air Products and Chemicals Stock Up 0.8 %
Air Products and Chemicals stock opened at $276.04 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.27. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $307.71. The firm has a 50 day moving average price of $267.63 and a two-hundred day moving average price of $251.23. The firm has a market cap of $61.37 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 3.17 and a beta of 0.81.
Air Products and Chemicals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is currently 63.90%.
Air Products and Chemicals Company Profile
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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