Exane BNP Paribas Reports Initiation of Air Products (NYSE:APD)

October 2, 2018 - By Adrian Mccoy

Air Products and Chemicals, Inc. (NYSE:APD) Logo

Investors sentiment increased to 1.35 in Q2 2018. Its up 0.34, from 1.01 in 2018Q1. It increased, as 42 investors sold Air Products and Chemicals, Inc. shares while 238 reduced holdings. 92 funds opened positions while 286 raised stakes. 183.38 million shares or 0.81% less from 184.89 million shares in 2018Q1 were reported.

Windward Mgmt Communication Ca invested 0.05% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Canandaigua State Bank Trust holds 0.05% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD) for 1,713 shares. Wellington Mgmt Group Ltd Liability Partnership owns 8,031 shares. Finemark Bank And owns 4,544 shares. Field & Main Comml Bank stated it has 0.04% in Air Products and Chemicals, Inc. (NYSE:APD). 64,902 are owned by State Treasurer State Of Michigan. S&Co holds 1.78% or 95,159 shares in its portfolio. First Republic Invest Mngmt holds 0.05% or 53,292 shares. Private Advisor Group Lc owns 0.03% invested in Air Products and Chemicals, Inc. (NYSE:APD) for 11,631 shares. United Kingdom-based Royal Bankshares Of Scotland Grp Plc has invested 3.73% in Air Products and Chemicals, Inc. (NYSE:APD). First Natl Trust Communication holds 1,849 shares. Sei Invs holds 0.06% or 112,993 shares. Birch Hill Inv Advsrs Ltd Co has invested 0.15% in Air Products and Chemicals, Inc. (NYSE:APD). The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.22% in Air Products and Chemicals, Inc. (NYSE:APD). Stifel Finance holds 0.14% or 286,591 shares.

How Exane BNP Paribas Currently Rates Air Products (NYSE:APD)

Exane BNP Paribas issued Outperform rating on Air Products (NYSE:APD). The firm has initiated coverage on shares of APD in analysts report revealed to clients and investors on 2 October.

Air Products and Chemicals, Inc. (NYSE:APD) Ratings Coverage

Among 7 analysts covering Air Products \u0026 Chemicals (NYSE:APD), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Air Products \u0026 Chemicals has $215 highest and $170 lowest target. $195.57’s average target is 15.15% above currents $169.84 stock price. Air Products \u0026 Chemicals had 10 analyst reports since April 10, 2018 according to SRatingsIntel. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Positive” rating by Susquehanna on Wednesday, August 1. The firm has “Overweight” rating given on Friday, July 27 by JP Morgan. As per Monday, April 30, the company rating was maintained by Citigroup. On Tuesday, August 14 the stock rating was maintained by BMO Capital Markets with “Outperform”. The company was maintained on Monday, July 30 by BMO Capital Markets. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Outperform” rating given on Friday, July 27 by Credit Suisse. Citigroup maintained it with “Buy” rating and $200 target in Wednesday, July 11 report. The firm has “Buy” rating by Citigroup given on Tuesday, April 10. Deutsche Bank maintained the shares of APD in report on Tuesday, August 14 with “Buy” rating.

The stock increased 0.24% or $0.41 during the last trading session, reaching $169.84. About 162,299 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 11.36% since October 2, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

Analysts await Air Products and Chemicals, Inc. (NYSE:APD) to report earnings on October, 25. They expect $2.00 earnings per share, up 13.64 % or $0.24 from last year’s $1.76 per share. APD’s profit will be $438.53 million for 21.23 P/E if the $2.00 EPS becomes a reality. After $1.95 actual earnings per share reported by Air Products and Chemicals, Inc. for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company has market cap of $37.24 billion. The firm produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for clients in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing. It has a 24.74 P/E ratio. It also creates and makes equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage.

More recent Air Products and Chemicals, Inc. (NYSE:APD) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Abbott Labs, Avon, Caesars, Comcast, Rowan, UnitedHealth, Vonage and More” on September 24, 2018. Also Seekingalpha.com published the news titled: “Is Air Products And Chemicals A Buy?” on September 05, 2018. Prnewswire.com‘s news article titled: “Air Products to Supply Largest Glass and Construction Material Manufacturer in South Korea” with publication date: September 17, 2018 was also an interesting one.

Air Products and Chemicals, Inc. (NYSE:APD) Institutional Positions Chart

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