BMO Capital Markets Increases Air Products and Chemicals (NYSE:APD) Price Target to $350.00

Air Products and Chemicals (NYSE:APD) had its price objective hoisted by BMO Capital Markets from $323.00 to $350.00 in a research note released on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on APD. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Barclays raised their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Mizuho lifted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $329.76.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded up $0.29 during trading hours on Thursday, reaching $316.17. The company’s stock had a trading volume of 492,906 shares, compared to its average volume of 1,607,257. The company’s 50 day simple moving average is $304.59 and its 200 day simple moving average is $279.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals has a one year low of $212.24 and a one year high of $332.42. The stock has a market cap of $70.29 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 3.14 and a beta of 0.81.

Hedge Funds Weigh In On Air Products and Chemicals

A number of large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in Air Products and Chemicals in the 3rd quarter worth $25,000. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% during the 3rd 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 in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $32,000. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter valued at about $42,000. Finally, Trifecta Capital Advisors LLC boosted its stake in Air Products and Chemicals by 1,700.0% during the second 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 in the last quarter. Hedge funds and other institutional investors 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.