Air Products & Chemicals, Inc. (NYSE:APD) – Stock analysts at KeyCorp decreased their Q3 2019 earnings per share (EPS) estimates for shares of Air Products & Chemicals in a report released on Wednesday, April 24th, according to Zacks Investment Research. KeyCorp analyst M. Sison now anticipates that the basic materials company will post earnings of $2.12 per share for the quarter, down from their previous estimate of $2.20. KeyCorp currently has a “Overweight” rating and a $220.00 target price on the stock. KeyCorp also issued estimates for Air Products & Chemicals’ Q4 2019 earnings at $2.30 EPS and FY2019 earnings at $8.20 EPS.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the firm earned $1.71 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis.
Several other equities analysts have also recently issued reports on the company. UBS Group boosted their target price on Air Products & Chemicals from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $170.00 to $215.00 in a research report on Thursday, April 25th. Credit Suisse Group upped their target price on Air Products & Chemicals from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. BMO Capital Markets increased their price target on Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Barclays upped their price objective on Air Products & Chemicals from $184.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Air Products & Chemicals presently has a consensus rating of “Buy” and a consensus target price of $211.50.
NYSE APD traded down $4.51 on Friday, hitting $205.41. 1,367,914 shares of the company’s stock were exchanged, compared to its average volume of 1,172,707. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29. Air Products & Chemicals has a fifty-two week low of $148.44 and a fifty-two week high of $210.15. The stock has a market capitalization of $46.21 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.17 and a beta of 0.83.
A number of hedge funds have recently made changes to their positions in APD. IMA Wealth Inc. increased its holdings in Air Products & Chemicals by 285.7% in the 1st quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Field & Main Bank bought a new position in Air Products & Chemicals during the first quarter worth about $27,000. Advisory Alpha LLC bought a new position in Air Products & Chemicals during the first quarter worth about $29,000. Athena Capital Advisors LLC bought a new position in Air Products & Chemicals during the fourth quarter worth about $28,000. Finally, Destination Wealth Management bought a new position in Air Products & Chemicals during the first quarter worth about $40,000. Institutional investors and hedge funds own 87.41% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, June 28th. This represents a $4.64 dividend on an annualized basis and a yield of 2.26%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.