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

Several brokerages have updated their recommendations and price targets on shares of Air Products and Chemicals (NYSE: APD) in the last few weeks:

• 11/18/2024 – Air Products and Chemicals was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $375.00 price target on the stock.
• 11/14/2024 – Air Products and Chemicals had its price target raised by analysts at BMO Capital Markets from $323.00 to $350.00. They now have an “outperform” rating on the stock.
• 11/11/2024 – Air Products and Chemicals had its price target raised by analysts at Citigroup Inc. from $345.00 to $365.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Air Products and Chemicals had its price target lowered by analysts at JPMorgan Chase & Co. from $350.00 to $345.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Air Products and Chemicals had its price target raised by analysts at Barclays PLC from $295.00 to $315.00. They now have an “equal weight” rating on the stock.
• 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.

Air Products and Chemicals Stock Up 3.4 %

Shares of Air Products and Chemicals stock opened at $327.90 on Tuesday. The company has a fifty day moving average price of $306.64 and a 200 day moving average price of $280.86. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The stock has a market cap of $72.90 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81.

Institutional Investors Weigh In On Air Products and Chemicals

A number of large investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of Air Products and Chemicals during the third quarter worth about $25,000. Iron Horse Wealth Management LLC increased its stake in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the second quarter worth about $32,000. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $42,000. Finally, Trifecta Capital Advisors LLC increased its holdings in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 136 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

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.