Air Products and Chemicals (NYSE:APD) Price Target Raised to $338.00

Key Points

• Royal Bank of Canada raised its price target on Air Products to $338 (from $325) and kept an outperform rating, implying roughly an 11.5% upside, while the analyst consensus is a "Moderate Buy" with a $308.78 average target.
• Shares trade around $303 (near a 1-year high of $304) after Q1 results beat expectations—EPS $3.16 and revenue $3.10B—and the company issued Q2 2026 guidance of 2.95–3.10 EPS and FY2026 guidance of 12.85–13.15 EPS.
• Insider activity: Director Ridge LP Mantle sold 70,175 shares for about $19.9M, reducing their stake by 42.9%, while institutional investors own approximately 81.66% of the company.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price objective boosted by analysts at Royal Bank Of Canada from $325.00 to $338.00 in a note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 11.52% from the company's current price.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group boosted their price target on Air Products and Chemicals from $300.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised Air Products and Chemicals from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $280.00 to $310.00 in a research report on Friday, March 20th. Wall Street Zen raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. BMO Capital Markets reissued a "market perform" rating and set a $282.00 price target on shares of Air Products and Chemicals in a research report on Monday, February 2nd. Finally, UBS Group boosted their price target on Air Products and Chemicals from $285.00 to $307.00 and gave the stock a "neutral" rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $308.78.

Air Products and Chemicals Stock Down 0.2%

Shares of NYSE:APD traded down $0.56 during midday trading on Friday, reaching $303.09. The company had a trading volume of 35,784 shares, compared to its average volume of 1,410,142. The company has a quick ratio of 1.23, a current ratio of 1.46 and a debt-to-equity ratio of 0.97. The business's 50 day moving average price is $286.50 and its 200 day moving average price is $267.71. The stock has a market cap of $67.49 billion, a PE ratio of -200.69, a P/E/G ratio of 2.79 and a beta of 0.80. Air Products and Chemicals has a 1-year low of $229.11 and a 1-year high of $304.00.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Friday, January 30th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.04 by $0.12. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.77% and a negative net margin of 2.73%.Air Products and Chemicals's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.86 earnings per share. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. Research analysts forecast that Air Products and Chemicals will post 13.03 EPS for the current fiscal year.

Insider Activity

In other news, Director Ridge Lp Mantle sold 70,175 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $284.21, for a total transaction of $19,944,436.75. Following the completion of the sale, the director owned 93,499 shares in the company, valued at $26,573,350.79. The trade was a 42.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors have recently made changes to their positions in APD. Brighton Jones LLC boosted its holdings in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after acquiring an additional 412 shares during the period. Bison Wealth LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $245,000. Sei Investments Co. boosted its holdings in shares of Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company's stock worth $79,498,000 after acquiring an additional 187,142 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Air Products and Chemicals by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company's stock worth $29,271,000 after acquiring an additional 2,171 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in shares of Air Products and Chemicals by 52.5% in the second quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company's stock valued at $1,873,000 after buying an additional 2,229 shares during the period. Institutional investors own 81.66% of the company's stock.

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.

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