Air Products and Chemicals (APD) : 10 analysts are covering Air Products and Chemicals (APD) and their average rating on the stock is 1.8, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Air Products and Chemicals (APD) : Average target price received by Air Products and Chemicals (APD) is $164.4 with an expected standard deviation of $9.26. The most aggressive target on the stock is $180, whereas the most downbeat target is $150. 10 financial analysts are currently covering the stock.
Also, Equity Analysts at the Brokerage Firm, JP Morgan, upgrades their rating on the shares of Air Products and Chemicals (NYSE:APD). JP Morgan has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $160 per share from a prior target of $140. The rating by the firm was issued on August 12, 2016.
Air Products and Chemicals (NYSE:APD): The stock opened in the green at $146.55 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $147.07 and a low of $146.03 for the day. The stock did not find buyers even at the lows and closed at $146.58 recording a loss of -0.16%. 2,955,201 shares exchanged hands during the trading day. The stock had closed at $146.82 in the previous days trading.
Air Products and Chemicals, Inc. (Air Products) serves energy, electronics, chemicals, steel, and manufacturing customers with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company operates in four business segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Merchant Gases sells atmospheric gases, such as oxygen, nitrogen, and argon, process gases, medical and specialty gases, and certain services and equipment. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and synthesis gas. Electronics and Performance Materials provide the electronics industry with specialty gases. Equipment and Energy designs and manufactures cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction (LNG), and helium distribution.