Air Products and Chemicals (NYSE:APD) Upgraded at UBS Group

UBS Group upgraded shares of Air Products and Chemicals (NYSE:APD) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat Ratings reports. They currently have $375.00 price target on the basic materials company’s stock.

APD has been the subject of several other reports. Citigroup boosted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, Mizuho upped their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Down 0.0 %

APD stock opened at $327.85 on Monday. The company has a market cap of $72.88 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.18 and a beta of 0.81. Air Products and Chemicals has a 12-month low of $212.24 and a 12-month high of $332.42. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $308.70 and a two-hundred day moving average of $281.76.

Institutional Trading of Air Products and Chemicals

A number of hedge funds have recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after buying an additional 4,309,040 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares in the last quarter. National Bank of Canada FI boosted its position in Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after buying an additional 1,564,169 shares during the last quarter. Finally, ING Groep NV grew its position in shares of Air Products and Chemicals by 240.7% in the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock valued at $304,717,000 after acquiring an additional 723,019 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.