Evercore ISI Group Initiates Coverage On Air Products & Chemicals to Sell with Price Target $131

Evercore ISI Group Initiates Coverage On Air Products & Chemicals(APD). In a research note issued to the investors, the brokerage major Announces the price-target to $131 per share. The shares have been rated Sell. The rating by the stock financial advisor at Evercore ISI Group was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 13, 2017, Barclays said it Reinstates its rating on Air Products & Chemicals. The shares have been rated ‘Overweight’ by the firm. On Jan 30, 2017, Baird said it Downgrades its rating on Air Products & Chemicals. The shares have been rated ‘Neutral’ by the firm.

Air Products & Chemicals (APD) shares turned negative on Wednesdays trading session with the shares closing down -1.13 points or -0.80% at a volume of 9,93,314. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $141.37. The peak price level was also seen at $141.37 while the days lowest was $140.28. Finally the shares closed at $140.34. The 52-week high of the shares is $150.45 while the 52-week low is $116.838824. According to the latest information available, the market cap of the company is $30,537 M.

Air Products & Chemicals(APD) last announced its earnings results on Jan 27, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $1.883B. Analysts had an estimated revenue of $1.960B. Earnings per share were $1.47. Analysts had estimated an EPS of $1.48.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Russell A Flugel (Principal Accounting Officer) sold 2,050 shares at $151.53 per share price.Also, On Aug 15, 2016, John D. Stanley (SR VP and General Counsel) sold 9,597 shares at $150.00 per share price.On Aug 5, 2016, Guillermo Novo (Executive V.P.) sold 2,447 shares at $148.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe Middle East and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.

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