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Analyzing APD's Latest Dividend Yield and Dividend Payment

PART:
1 2 3 4 5
Part 3
Analyzing APD's Latest Dividend Yield and Dividend Payment PART 3 OF 5

Analysts’ Recommendations for Air Products and Chemicals

Air Products and Chemicals

As of September 19, 2017, 20 analysts are actively tracking Air Products and Chemicals (APD) stock. For the company, 65% of the analysts recommend a “buy,” 30% of the analysts recommend a “hold,” and the 5% of the analysts recommend a “sell.”

Analysts&#8217; Recommendations for Air Products and Chemicals

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Analysts’ consensus suggests that Air Products and Chemicals’ 12-month target price is $159.56, which implies a return potential of 6.0% from the closing price of $150.50 as of September 19, 2017.

Why most analysts gave a “buy” rating

Air Products and Chemicals’ strong fiscal 3Q17 adjusted EPS (earnings per share) of $1.65 per share on a continuing operations basis beat analysts’ estimate of $1.59 per share. Air Products and Chemicals made an upward revision to the lower end of its fiscal 2017 EPS. Now, Air Products and Chemicals expects its adjusted EPS to be $6.20–$6.25—compared to the earlier guidance of $6.00–6.25. The company has won many new business deals that could drive its growth. As a result, most analysts are recommending a “buy” for Air Products and Chemicals.

Individual brokerage firms

  • Deutsche Bank (DB) raised its target price for Air Products and Chemicals to $170, which implies a return potential of 13.0% over the closing price of $150.50 as of September 19, 2017.
  • HSBC (HSBC) rated Air Products and Chemicals as a “hold.” It recommended a target price of $157, which implies a return potential of 4.3% over the closing price of $150.50 as of September 19, 2017.
  • Barclays (BCS) raised Air Products and Chemicals’ target price to $170.00 from the previous recommendation of $160.00. It implies a return potential of 13.0% from the closing price of $150.50 as of September 19, 2017.

Investors can hold Air Products and Chemicals indirectly by investing in the iShares U.S. Basic Materials ETF (IYM). IYM has invested 5.20% of its holdings in Air Products and Chemicals as of September 19, 2017.

In the next part, we’ll discuss Air Products and Chemicals’ latest valuations compared to its peer.

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