Air Products and Chemicals (NYSE:APD) Upgraded to Overweight at Barclays

Air Products and Chemicals (NYSE:APD) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Friday, MarketBeat Ratings reports. The firm presently has a $365.00 price target on the basic materials company’s stock, up from their previous price target of $315.00. Barclays‘s price objective points to a potential upside of 12.77% from the company’s previous close.

A number of other equities analysts have also commented on APD. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a report on Monday, October 7th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Wells Fargo & Company raised shares of 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. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $335.65.

Air Products and Chemicals Stock Up 2.1 %

NYSE APD opened at $323.65 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The business has a 50 day moving average price of $309.74 and a two-hundred day moving average price of $295.76. The stock has a market cap of $71.97 billion, a PE ratio of 18.84, a P/E/G ratio of 3.18 and a beta of 0.84.

Institutional Trading of Air Products and Chemicals

Large investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in Air Products and Chemicals by 12.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,194 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 134 shares during the period. Waldron Private Wealth LLC raised its holdings in shares of Air Products and Chemicals by 11.0% during the fourth quarter. Waldron Private Wealth LLC now owns 1,499 shares of the basic materials company’s stock valued at $435,000 after buying an additional 149 shares during the last quarter. Everett Harris & Co. CA boosted its position in shares of Air Products and Chemicals by 11.1% during the fourth quarter. Everett Harris & Co. CA now owns 3,155 shares of the basic materials company’s stock worth $915,000 after buying an additional 315 shares during the period. Heck Capital Advisors LLC bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $622,000. Finally, Caprock Group LLC increased its position in Air Products and Chemicals by 5.0% in the 4th quarter. Caprock Group LLC now owns 6,279 shares of the basic materials company’s stock valued at $1,821,000 after acquiring an additional 297 shares during the period. 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.