Air Products and Chemicals (NYSE:APD) Price Target Raised to $385.00 at UBS Group

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price target raised by equities research analysts at UBS Group from $375.00 to $385.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. UBS Group's price objective suggests a potential upside of 14.80% from the company's current price.

Several other analysts also recently issued reports on the stock. Bank of America downgraded shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating and set a $350.00 price target on the stock. in a report on Monday. Evercore ISI raised Air Products and Chemicals from an "in-line" rating to an "outperform" rating and upped their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Wells Fargo & Company raised Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $330.00 to $350.00 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Finally, BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.50.

Air Products and Chemicals Price Performance

Shares of APD traded up $0.26 on Tuesday, reaching $335.36. The stock had a trading volume of 1,247,886 shares, compared to its average volume of 1,726,443. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $74.58 billion, a PE ratio of 19.52, a PEG ratio of 3.46 and a beta of 0.84. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $338.00. The firm has a 50-day moving average of $310.22 and a 200 day moving average of $298.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of APD. Truvestments Capital LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter valued at approximately $25,000. Sierra Ocean LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $30,000. Raleigh Capital Management Inc. raised its holdings in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Financial Life Planners bought a new position in Air Products and Chemicals during the 4th quarter valued at $31,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock worth $35,000 after purchasing an additional 55 shares during the last quarter. 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.