Air Products and Chemicals (NYSE:APD) Price Target Cut to $346.00 by Analysts at Royal Bank Of Canada

Air Products and Chemicals (NYSE:APD) had its price target decreased by investment analysts at Royal Bank Of Canada from $360.00 to $346.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 17.25% from the company’s current price.

Other analysts also recently issued reports about the company. Morgan Stanley set a $320.00 target price on Air Products and Chemicals in a research note on Monday, August 3rd. Wells Fargo & Company increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. KeyCorp initiated coverage on Air Products and Chemicals in a report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Finally, Weiss Ratings downgraded Air Products and Chemicals from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Trading Up 0.9%

Shares of NYSE:APD traded up $2.56 during mid-day trading on Thursday, hitting $295.10. The company had a trading volume of 55,922 shares, compared to its average volume of 1,269,573. The firm has a fifty day moving average price of $293.95 and a 200 day moving average price of $293.21. The company has a market capitalization of $65.71 billion, a PE ratio of -1,340.93, a price-to-earnings-growth ratio of 2.72 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals has a one year low of $229.11 and a one year high of $314.87.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. Air Products and Chemicals’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, research analysts forecast that Air Products and Chemicals will post 13.46 EPS for the current year.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nvwm LLC raised its stake in shares of Air Products and Chemicals by 229.3% in the third quarter. Nvwm LLC now owns 7,435 shares of the basic materials company’s stock worth $2,024,000 after purchasing an additional 5,177 shares during the last quarter. Covenant Asset Management LLC lifted its holdings in shares of Air Products and Chemicals by 38.2% in the third quarter. Covenant Asset Management LLC now owns 5,346 shares of the basic materials company’s stock valued at $1,478,000 after purchasing an additional 1,479 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Air Products and Chemicals by 166.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 386,188 shares of the basic materials company’s stock valued at $105,983,000 after buying an additional 241,214 shares during the last quarter. B.A. Schrock Wealth Management Inc. purchased a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $620,000. Finally, Ashurst Perkins Coie Trust Co grew its holdings in Air Products and Chemicals by 132,900.0% during the third quarter. Ashurst Perkins Coie Trust Co now owns 17,290 shares of the basic materials company’s stock worth $4,705,000 after buying an additional 17,277 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.