Fintel reports that on November 18, 2024, UBS upgraded their outlook for Air Products and Chemicals (NYSE:APD) from Neutral to Buy.
Analyst Price Forecast Suggests 5.11% Upside
As of October 22, 2024, the average one-year price target for Air Products and Chemicals is $333.31/share. The forecasts range from a low of $257.55 to a high of $404.25. The average price target represents an increase of 5.11% from its latest reported closing price of $317.10 / share.
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The projected annual revenue for Air Products and Chemicals is 15,747MM, an increase of 30.13%. The projected annual non-GAAP EPS is 14.32.
What is the Fund Sentiment?
There are 2,445 funds or institutions reporting positions in Air Products and Chemicals. This is an decrease of 40 owner(s) or 1.61% in the last quarter. Average portfolio weight of all funds dedicated to APD is 0.40%, an increase of 7.78%. Total shares owned by institutions increased in the last three months by 2.22% to 231,211K shares. 
The put/call ratio of APD is 0.62, indicating a bullish outlook.
What are Other Shareholders Doing?
BlackRock holds 17,792K shares representing 8.00% ownership of the company. In its prior filing, the firm reported owning 16,774K shares , representing an increase of 5.72%. The firm increased its portfolio allocation in APD by 13.51% over the last quarter.
Capital Research Global Investors holds 14,302K shares representing 6.43% ownership of the company. In its prior filing, the firm reported owning 14,933K shares , representing a decrease of 4.41%. The firm increased its portfolio allocation in APD by 4.67% over the last quarter.
State Farm Mutual Automobile Insurance holds 12,302K shares representing 5.53% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,028K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 6,997K shares , representing an increase of 0.44%. The firm increased its portfolio allocation in APD by 4.03% over the last quarter.
Dodge & Cox holds 6,598K shares representing 2.97% ownership of the company. In its prior filing, the firm reported owning 3K shares , representing an increase of 99.96%. The firm increased its portfolio allocation in APD by 247,259.13% over the last quarter.
Air Products & Chemicals Background Information
(This description is provided by the company.)
Air Products is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition. The Company had fiscal 2020 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $60 billion. More than 19,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world.
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