Citigroup Lowers Air Products and Chemicals (NYSE:APD) Price Target to $308.00

Air Products and Chemicals (NYSE:APD) had its price target decreased by Citigroup from $325.00 to $308.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target indicates a potential upside of 13.77% from the stock’s current price.

A number of other equities analysts have also weighed in on APD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Saturday, September 27th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company increased their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Royal Bank Of Canada started coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an “outperform” rating and a $355.00 price target for the company. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Stock Performance

NYSE APD opened at $270.73 on Monday. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 5.63 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $286.24 and a 200-day moving average price of $281.39. Air Products and Chemicals has a twelve month low of $243.69 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.20 earnings per share. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. As a group, equities research analysts predict that Air Products and Chemicals will post 12.69 EPS for the current fiscal year.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares of the company’s stock, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently modified their holdings of the business. Wayfinding Financial LLC bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $25,000. Saudi Central Bank bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC bought a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $27,000. Traub Capital Management LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $28,000. 81.66% of the stock is owned by institutional investors.

About Air Products and Chemicals

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.