Air Products and Chemicals (NYSE:APD) Given New $281.00 Price Target at UBS Group

Air Products and Chemicals (NYSE:APD) had its target price raised by UBS Group from $276.00 to $281.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other brokerages have also recently commented on APD. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a buy rating to a hold rating and lowered their target price for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $240.00 to $280.00 and gave the company an overweight rating in a report on Friday, August 2nd. BMO Capital Markets raised their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an outperform rating in a research report on Monday, August 5th. Morgan Stanley upped their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an equal weight rating in a research report on Wednesday, June 5th. Finally, Citigroup increased 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 research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $297.40.

Air Products and Chemicals Trading Down 0.3 %

APD stock opened at $273.36 on Tuesday. Air Products and Chemicals has a 52 week low of $212.24 and a 52 week high of $307.71. The company has a market capitalization of $60.77 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 3.17 and a beta of 0.81. The company’s 50-day simple moving average is $267.32 and its 200 day simple moving average is $251.44. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders 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 dividend yield of 2.59%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is 63.90%.

Hedge Funds Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently bought and sold shares of the company. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Sachetta LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Security National Bank bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Thompson Investment Management Inc. acquired a new stake in Air Products and Chemicals in the first quarter valued at $27,000. Finally, Transcendent Capital Group LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.