Analyst Price Target Update on Air Products and Chemicals (NYSE:APD)

Air Products and Chemicals (NYSE:APD): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $159.11 in Air Products and Chemicals (NYSE:APD). However, the stock price could fluctuate by $ 11.7 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $175 price target with the lower price estimate is calculated at $135

Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup maintains its ratings on Air Products and Chemicals (NYSE:APD). In the latest research report, Citigroup raises the target price from $139 per share to $155 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 18, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Stanley John D., officer (SR VP and General Counsel) of Air Products & Chemicals Inc /De/, had unloaded 2,478 shares at an average price of $143.4 in a transaction dated on May 24, 2016. The total value of the transaction was worth $355,345.

Air Products and Chemicals (NYSE:APD) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.36 points or 1.61% at $144.03 with 828,434 shares getting traded. Post opening the session at $145.93, the shares hit an intraday low of $143.9 and an intraday high of $146.36 and the price was in this range throughout the day. The company has a market cap of $31,122 million and the number of outstanding shares have been calculated to be 216,081,190 shares. The 52-week high of Air Products and Chemicals (NYSE:APD) is $152.16 and the 52-week low is $114.64.

Air Products and Chemicals, Inc. (Air Products) serves energy, electronics, chemicals, steel, and manufacturing customers with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company operates in four business segments: Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy. Merchant Gases sells atmospheric gases, such as oxygen, nitrogen, and argon, process gases, medical and specialty gases, and certain services and equipment. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and synthesis gas. Electronics and Performance Materials provide the electronics industry with specialty gases. Equipment and Energy designs and manufactures cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction (LNG), and helium distribution.

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