Air Products and Chemicals (NYSE:APD) Updates Q1 Earnings Guidance

Air Products and Chemicals (NYSE:APD) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.86 for the period, compared to the consensus estimate of $2.85.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on APD shares. Barclays boosted their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Finally, BMO Capital Markets boosted 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $332.71.

Air Products and Chemicals Trading Up 2.0 %

Shares of APD traded up $6.09 during mid-day trading on Tuesday, reaching $307.83. The stock had a trading volume of 1,936,584 shares, compared to its average volume of 1,613,613. The firm has a market cap of $68.46 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 3.13 and a beta of 0.84. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $337.00. The business’s fifty day moving average is $309.32 and its 200 day moving average is $293.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is currently 41.21%.

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.