Air Products and Chemicals, Inc. (APD) Upgraded to "Buy" at HSBC

Deutsche Bank maintained the shares of APD in report on Friday, July 31 with "Buy" rating. The stock has a consensus rating of "Buy" and a consensus price target of $164.80.

Several other research firms have also recently weighed in on APD.

Driving interest in Air Products and Chemicals, Inc. Citigroup Inc. upped their price objective on Air Products and Chemicals from $172.30 to $185.00 and gave the stock a buy rating in a research report on Friday, October 27th.

Equity analyst Citigroup raised the price target of the stock on October 27 changing the price objective from $172.30 to $185.00 with a rating of "Buy". UBS AG upgraded shares of Air Products and Chemicals from a "neutral" rating to a "positive" rating in a report on Wednesday, September 13th. (NYSE:APD) has "Buy" rating given on Friday, October 27 by Citigroup.

Among 19 analysts covering Air Products & Chemicals (NYSE:APD), 13 have Buy rating, 0 Sell and 6 Hold.

Air Products and Chemicals (NYSE APD) traded up $2.46 during trading hours on Monday, reaching $162.76. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.01% as of October 31. The P/E ratio is 31.30 and market capitalization is 35.20B.

The highest price APD stock touched in the last 12 month was $163.56 and the lowest price it hit in the same period was $133.63. Parkside National Bank & Trust And has invested 0.03% in Air Products & Chemicals, Inc. After $0.02 actual earnings per share reported by Asanko Gold Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%.

Air Products and Chemicals, Inc., is an industrial gases company. They expect $0.01 earnings per share, up 150.00% or $0.03 from last year's $-0.02 per share.

ILLEGAL ACTIVITY WARNING: This article was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & global trademark and copyright laws. "(APD) Upgraded to "Buy" at HSBC" was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Metropolitan Life Ins Com New York invested in 104,788 shares or 0.1% of the stock. This represents a $3.80 annualized dividend and a yield of 2.33%.

Large investors have recently added to or reduced their stakes in the business. The value of the total investment in Air Products and Chemicals went from $76,397,000 to $81,131,000 a change of 6.2% quarter to quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company's stock valued at $629,878,000 after acquiring an additional 624,210 shares in the last quarter. IMS Capital Management bought a new stake in Air Products and Chemicals in the second quarter valued at approximately $129,000.

Air Products and Chemicals, Inc. BB&T Securities LLC now owns 108,294 shares of the basic materials company's stock worth $14,651,000 after buying an additional 34,951 shares during the period. Moreover, Columbia Partners L L C Investment Management has 0.13% invested in the company for 100,773 shares. The company's outstanding shares are 218.3 Million. Finally, State of Alaska Department of Revenue raised its stake in Air Products and Chemicals by 25.9% in the second quarter. Municipal Employees Retirement System of MI now owns 7,010 shares of the basic materials company's stock worth $948,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 88.58% of the company's stock. KeyBanc Capital Markets upgraded Air Products & Chemicals, Inc.



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