Air Products and Chemicals (NYSE:APD) Price Target Cut to $312.00 by Analysts at Citigroup

Key Points

• Citigroup cut Air Products and Chemicals’ price target from $330 to $312 while maintaining a neutral rating, implying roughly 11.9% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average target of $333.56, despite mixed recent target changes from other firms.
• APD shares fell 0.8% to $278.76. The company recently beat quarterly EPS expectations, reporting $3.47 versus the $3.34 consensus, while revenue increased 4.6% year over year.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its target price reduced by stock analysts at Citigroup from $330.00 to $312.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the basic materials company's stock. Citigroup's price objective points to a potential upside of 11.92% from the stock's previous close.

Other research analysts have also issued research reports about the company. UBS Group decreased their target price on Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating for the company in a research report on Monday. Argus upped their price target on Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a research note on Wednesday, September 9th. Mizuho increased their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of "Moderate Buy" and a consensus target price of $333.56.

Air Products and Chemicals Trading Down 0.8%

NYSE APD traded down $2.24 during trading on Wednesday, hitting $278.76. The company had a trading volume of 519,060 shares, compared to its average volume of 1,285,297. The company's fifty day moving average is $295.36 and its 200-day moving average is $293.30. Air Products and Chemicals has a one year low of $229.11 and a one year high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The company has a market cap of $62.08 billion, a price-to-earnings ratio of -1,264.99, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the company earned $3.09 earnings per share. Air Products and Chemicals's quarterly revenue was up 4.6% on a year-over-year basis. 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, sell-side analysts predict that Air Products and Chemicals will post 13.46 earnings per share for the current year.

Institutional Trading of Air Products and Chemicals

Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Air Products and Chemicals by 277.4% in the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock worth $10,597,451,000 after purchasing an additional 28,050,956 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Air Products and Chemicals in the second quarter worth $5,370,093,000. Bank of America Corp DE grew its holdings in shares of Air Products and Chemicals by 14.3% in the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after acquiring an additional 556,188 shares during the period. Envestnet Asset Management Inc. increased its position in Air Products and Chemicals by 326.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock valued at $927,010,000 after acquiring an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC lifted its holdings in Air Products and Chemicals by 0.5% in the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company's stock valued at $779,665,000 after acquiring an additional 14,262 shares during the period. Hedge funds and other institutional investors 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.

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