Air Products and Chemicals (APD) Set to Announce Earnings on Thursday

Air Products and Chemicals (NYSE:APD) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Air Products and Chemicals to post earnings of $3.47 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Air Products and Chemicals Stock Up 0.1 %

Shares of NYSE:APD opened at $306.35 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $68.11 billion, a P/E ratio of 26.55, a P/E/G ratio of 3.25 and a beta of 0.81. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $332.42. The stock’s fifty day simple moving average is $299.56 and its 200-day simple moving average is $275.91.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Citigroup raised their target price on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. UBS Group lifted their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.12.

About Air Products and Chemicals

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.