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A Snapshot of Analysts’ Recommendations on APD Ahead of 3Q16

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Jul. 26 2016, Updated 10:06 a.m. ET

Analysts’ recommendations

As of July 22, 2016, Air Products and Chemicals’ (APD) consensus 12-month target price was $153.9, indicating a return potential of 3.5% from its closing price of $148.63 on the day.

There are 18 brokerage companies actively tracking this stock. Among them, 39% have recommended the stock as a “buy,” while 55% have recommended the stock as a “hold,” and 6% have recommended the stock as a “sell.”

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Key recommendations for Air Products and Chemicals

Many brokerage companies and investment banks revised their target prices after the company announced its fiscal 1Q16 earnings on April 22, 2016.

  • On July 12, Goldman Sachs (GS) gave a “buy/attractive” rating to Air Products and Chemicals with a target price of $159.0, implying a 12-month potential return of 7.0% over its July 22 closing price of $148.63.
  • On May 12, JPMorgan Chase (JPM) gave a “neutral” rating to Air Products and Chemicals with a price target of $140.00, implying a 12-month potential return of -5.8% over its July 22 closing price.
  • On April 29, Credit Suisse (CS) gave an “outperform” rating to Air Products and Chemicals with a target price of $161.00, implying a 12-month potential return of 8.3% over its July 22 closing price.
  • On April 28, Morgan Stanley (MS) rated Air Products and Chemicals as “equal weight/attractive” with a 12-month target price of $135.00, implying a potential one-year return of -9.2% over its July 22 closing price.

Investors can invest in the iShares S&P 500 Growth ETF (IVW) to indirectly invest in Air Products and Chemicals. The fund has invested 0.15% of its total holdings in APD as of July 22, 2016. In the next part, we will look into Air Products and Chemicals’ valuations.

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