Air Products and Chemicals (APD) : Analyst Rating Update

Air Products and Chemicals (APD) : 4 brokerage houses believe that Air Products and Chemicals (APD) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Air Products and Chemicals (APD). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Air Products and Chemicals (APD) : Average target price received by Air Products and Chemicals (APD) is $159.11 with an expected standard deviation of $11.7. The most aggressive target on the stock is $175, whereas the most downbeat target is $135. 9 financial analysts are currently covering the stock.

Air Products and Chemicals (NYSE:APD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $138.38 and $137.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $139.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $139.36, notching a gain of 0.63% for the day. The total traded volume was 845,429 . The stock had closed at $138.49 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Air Products and Chemicals (NYSE:APD). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $155 per share from a prior target of $139. The rating by the firm was issued on April 18, 2016. The company shares have rallied 4.14% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $152.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $142.79 and the 200 Day Moving Average price is recorded at $137.21.

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.

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