Air Products and Chemicals (NYSE:APD) Price Target Raised to $360.00

Air Products and Chemicals (NYSE:APD) had its price target boosted by research analysts at Royal Bank Of Canada from $358.00 to $360.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 20.57% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday. Evercore restated an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Berenberg Bank set a $350.00 price target on shares of Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, April 20th. Mizuho upped their target price on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, UBS Group lifted their price target on Air Products and Chemicals from $330.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.76.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded up $3.50 during trading on Thursday, hitting $298.58. 216,746 shares of the company were exchanged, compared to its average volume of 1,350,417. The firm has a 50 day moving average price of $290.09 and a 200 day moving average price of $287.42. The stock has a market capitalization of $66.49 billion, a price-to-earnings ratio of -1,358.24, a P/E/G ratio of 2.56 and a beta of 0.73. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. Air Products and Chemicals has a fifty-two week low of $229.11 and a fifty-two week high of $314.87.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.09 earnings per share. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. On average, equities analysts expect that Air Products and Chemicals will post 13.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Products and Chemicals

Several hedge funds have recently bought and sold shares of the company. Richardson Financial Services Inc. raised its holdings in Air Products and Chemicals by 3,233.3% in the 4th quarter. Richardson Financial Services Inc. now owns 100 shares of the basic materials company’s stock valued at $25,000 after buying an additional 97 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Air Products and Chemicals in the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new position in shares of Air Products and Chemicals in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $25,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Air Products and Chemicals during the fourth quarter valued at $25,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.