Air Products and Chemicals (NYSE:APD) Updates Q1 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.75-2.85 for the period, compared to the consensus earnings per share estimate of $3.21. Air Products and Chemicals also updated its FY 2025 guidance to 12.700-13.000 EPS.

Air Products and Chemicals Trading Up 2.6 %

Shares of Air Products and Chemicals stock traded up $7.91 during trading on Thursday, hitting $314.64. 242,894 shares of the company were exchanged, compared to its average volume of 1,605,724. Air Products and Chemicals has a 1-year low of $212.24 and a 1-year high of $332.42. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market capitalization of $69.95 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81. The firm’s fifty day moving average price is $300.16 and its 200 day moving average price is $276.13.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APD. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Barclays boosted their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research note on Monday, October 7th. Finally, Citigroup boosted their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus price target of $326.12.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.