Air Products and Chemicals (NYSE:APD) Upgraded by UBS Group to Buy Rating

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

Several other equities research analysts also recently weighed in on the company. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. cut their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Barclays increased their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Price Performance

APD stock opened at $327.90 on Monday. The stock has a market cap of $72.90 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 3.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The company has a 50 day simple moving average of $306.64 and a 200 day simple moving average of $280.86. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $332.42.

Hedge Funds Weigh In On Air Products and Chemicals

Several hedge funds have recently modified their holdings of APD. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at $25,000. Iron Horse Wealth Management LLC increased its holdings in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Prospera Private Wealth LLC bought a new stake in shares of Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Finally, Trifecta Capital Advisors LLC lifted its stake in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

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.