Air Products and Chemicals (APD) Receives Price Target

Air Products and Chemicals (APD) : 10 investment research analysts covering Air Products and Chemicals (APD) have an average price target of $164.4 for the near short term. The highest target price given by the Brokerage Firm to the stock is $180 and the lowest target is $150 for the short term. Analysts expect the variance to be within $9.26 of the average price.

Air Products and Chemicals (APD) : The consensus on Air Products and Chemicals (APD) based on 10 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Brokerage firm JP Morgan upgrades its rating on Air Products and Chemicals (NYSE:APD). As per the latest information, the brokerage house raises the price target to $160 per share from a prior target of $140. The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 12, 2016.

Air Products and Chemicals (NYSE:APD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $156.13 and $155.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $156.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $156.30, notching a gain of 0.44% for the day. The total traded volume was 1,303,986 . The stock had closed at $155.62 on the previous day.

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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