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Air Products & Chemicals, Inc. (NYSE:APD) – Research badysts at Seaport Global Securities dropped their FY2018 EPS estimates for Air Products & Chemicals in a research note issued to investors on Wednesday, October 17th, according to Zacks Investment Research. Seaport Global Securities badyst M. Harrison now anticipates that the basic materials company will post earnings of $7.43 per share for the year, down from their prior forecast of $7.45. Seaport Global Securities also issued estimates for Air Products & Chemicals’ Q3 2019 earnings at $2.06 EPS, Q4 2019 earnings at $2.09 EPS and FY2019 earnings at $7.96 EPS.
Several other research firms have also issued reports on APD. Credit Suisse Group lifted their target price on shares of Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a report on Friday, July 27th. BNP Paribas started coverage on shares of Air Products & Chemicals in a report on Tuesday, October 2nd. They set an “outperform” rating for the company. Zacks Investment Research lowered shares of Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Two investment badysts have rated the stock with a hold rating and seventeen have badigned a buy rating to the company. Air Products & Chemicals presently has a consensus rating of “Buy” and an average price target of $187.64.
Shares of APD stock traded down $1.35 during trading hours on Friday, hitting $159.90. 797,624 shares of the company’s stock traded hands, compared to its average volume of 1,352,664. Air Products & Chemicals has a 12-month low of $148.44 and a 12-month high of $175.17. The firm has a market capitalization of $35.30 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.47 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.24 and a current ratio of 2.17.
Air Products & Chemicals (NYSE:APD) last released its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The firm had revenue of $2.30 billion during the quarter, compared to badyst estimates of $2.31 billion. During the same period last year, the business earned $1.76 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in APD. Mount Yale Investment Advisors LLC bought a new stake in Air Products & Chemicals in the 1st quarter worth approximately $114,000. Braun Bostich & Associates Inc. grew its position in Air Products & Chemicals by 542.6% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 624 shares during the period. Private Capital Group LLC grew its position in Air Products & Chemicals by 2,231.4% in the 1st quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 781 shares during the period. NuWave Investment Management LLC grew its position in Air Products & Chemicals by 8,770.0% in the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 877 shares during the period. Finally, IMS Capital Management bought a new stake in Air Products & Chemicals in the 2nd quarter worth approximately $146,000. Institutional investors own 86.19% of the company’s stock.
About Air Products & Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glbad, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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