In a report issued on May 5, Chris Parkinson from Mizuho Securities assigned a Buy rating to Air Products and Chemicals (APD – Research Report), with a price target of $312.00. The company’s shares closed last Friday at $235.82.
According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 10.0% and a 63.0% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Berry Global Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Air Products and Chemicals with a $294.00 average price target.
Based on Air Products and Chemicals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.99 billion and net profit of $560 million. In comparison, last year the company earned revenue of $2.38 billion and had a net profit of $482 million.
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Pennsylvania-based Air Products & Chemicals, Inc., which was founded in 1960, provides atmospheric gases, process and specialty gases. It also provides equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries. It also manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage.
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